As reported by Blockchainreporter, Coinbase has launched a 3.75% instant access savings rate for UK users, aiming to bridge the gap between fiat and crypto. The service allows users to earn daily interest on their funds, with no lock-in periods and fast access. Coinbase pools client funds in cash accounts or short-term instruments and shares the interest earned. The move is positioned as a response to low savings rates offered by traditional banks and reflects a broader strategy to integrate fiat and crypto services on its platform.
Coinbase Launches 3.75% Instant Access Savings in the UK to Challenge Banks
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