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Kraken interest rates have been increased for BTC and USD

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by COINS NEWS 123 Views

0.25 to 1% APR for BTC, 2 to 3% for USD. What do you think, sustainable or nah? Kraken does not directly benefit from people storing those 2 currencies, and the fact that they do frequent proofs or reserves would imply that they don't invest the money either so... Where are those interests coming from, do you think it is sustainable?

I saw no official announcement but found out yesterday on the app. From what I've seen, other rates have not changed (ETH is still 4-7% APR).

Curious to know your opinions oh that, posted first on r/kraken but no response sadge

submitted by /u/Firone
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