CoinEx Offering Double Yields on Financing Accounts

CoinEx Offering Double Yields on Financing Accounts

To celebrate the latest addition to their service and the upcoming Mid-Autumn Festival, CoinEx will offer users the chance to gain double yields.

Earlier this week, financing accounts went live on CoinEx, which enables users the ability to accumulate interest on any funds they store within such an account based on their borrowed from their margin trading service. For the next week, these funds will now earn double the amounts of interest for contributing to their financing accounts with this latest promotion.

When users contribute to their financing accounts, the regular interest rate will be noted, then three days later, they will be paid out with the extra funds on top as part of the promotion. CoinEx have provided the following example to elaborate on how the promotion can benefit you;

 “User A deposits 10,000 USDT to the financing account at 16:00 on Sep 8, and the 7-day annualized return is 9.563%. Then the yield of that day is: 10000*9.563%/365=2.62USDT which will be settled on the second day, and the rewarded interest 2.62 USDT will be allocated to the users’ spot accounts within 3 business days after the event is finished.”

Currently, due to the limited options available with Financing Accounts, only Tether (USDT) will be available for users to make use of the promotion. As long as users deposit before the end of the promotion at 23:59 on September 14, 2019 (UTC), they will be able to benefit from the extended yields. Users with sub-accounts though will not be able to benefit, while dishonest behaviours can also lead to exclusion from the event.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Exmo,EXMO Coin,IEO,Updates

Exmo Announce IEO And Request Beta Testing Volunteers

After a fairly quiet period from Exmo, it is now clear to see why as today, they have announced details of a new IEO and a request for volunteers for stop order beta testing on September 26, 2019. The Summer months were busy for the Exmo team. July saw the announcement of a new partnership […]

18 September, 2019
Commission,Exmo,Payment Solution,Updates

Exmo Announce Commission Changes for AdvCash

Every now and then, we hear news from exchange platform Exmo about updates to their payment provider charges. This time they have made some updates to the commission on deposit and withdrawals for the payment service AdvCash. The largest exchange platform in Eastern Europe announced the news via a blog uploaded earlier today, so if […]

17 September, 2019
Exchange Platforms,KuCoin,Law,Listings

KuCoin Delist 5 Projects from their Exchange

As part of their Special Treatment Rule, KuCoin will be delisting a selection of crypto projects from their platform. The Special Treatment (ST) process sees certain coins remove from the platform due to being deemed to have negative or risky qualities associated with them. These qualities can range from the project not providing appropriate information […]

17 September, 2019
Appointment,BitPanda,Exchange Platforms,Updates

BitPanda Welcome New Chief Financial Officer

BitPanda has had an internal shake around and appointed Peter Grausgruber as their new chief financial offer. The news of the appointment was made earlier on their website, where the new man himself explained, “The focus of my career is to help companies grow”. Something he states will be at the head of his priorities […]

16 September, 2019
Binance,Binance Launchpad,Giveaway,Token Sale

Band Lottery Promo Available Now on Binance

Binance has announced a new lottery to users where they can win a $300 worth of tokens each! As we announced last week, the 9th Launchpad project from Binance of the year was confirmed by the exchange platform to be the Band Protocol. This had raised $3 million in seed investments from 3 different lead […]

16 September, 2019
Derivative Trading,eToro,Exchange Platforms,Updates

eToro Unveil New Programming Language To Assist Derivative Trading

The derivative trading platform, eToro has released a new programming language known as Lira, which aims to help simplify the process of for those who trade derivatives. It has been stated that Lira should help reduce risks involved in settling contracts and the creation of new derivative products from assets that are built on the […]

16 September, 2019
CoolWallet,Promotion,Wallets

For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019
Giveaway,KuCoin,Promotion

Another 2nd Anniversary Promo Announced at KuCoin, KuMEX FOMO

KuCoin is celebrating their 2nd anniversary and to celebrate they have detailed several new promotions, but it seems they aren’t over yet, with one more outlined for KuMEX FOMO. Earlier this week, we detailed 5 different promotions that will take place over the next 2 weeks, but now there is more which you can get […]

14 September, 2019