OKX, a leading global cryptocurrency exchange and onchain technology company with more than 150 million customers worldwide, has launched Liquid Yield USDC, allowing customers in Europe to earn 3.3% annual percentage yield while using their position as margin for X-Perps, OKX’s MiFID-regulated derivatives, as well as spot margin and options trading.
Liquid Yield USDC pays daily USDC rewards, so traders can now earn on the asset they hold as trading margin. Customers allocate USDC and receive LYUSDC at a 1:1 ratio, representing their DeFi Earn position, which they can use as trading margin.
“Active traders often keep USDC ready as margin for their next trade,” said Erald Ghoos, CEO of OKX Europe. “Liquid Yield USDC lets them earn daily rewards on that asset while continuing to use it for X-Perps. With a variable APY of 3.3%, it gives traders a practical way to put those funds to work.”
About OKX
OKX is a fintech company known for its global crypto trading platform and its onchain wallet and marketplace. The company develops technology and applications to modernize money and markets. OKX is known for being one of the fastest and most reliable crypto and payment apps, having processed trillions of dollars in transactions by more than 150 million people around the world.
OKX is headquartered in San Jose, California, for the Americas and in Dubai for the Middle East, with regional offices in São Paulo, New York, Hong Kong, Singapore, the Republic of Türkiye, Australia and Europe. Over the past several years, OKX has built one of the world’s most comprehensive regulatory compliant, licensed crypto companies. It holds licenses in the United States, the UAE, EEA, Singapore and Australia, as well as in other markets.
OKX is steadfastly committed to transparency and security and publishes Proof of Reserves reports on a monthly basis. To learn more about OKX, download the app or visit okx.com.
The post OKX launches Liquid Yield USDC in Europe with 3.3% APY on trading margin appeared first on Crypto Reporter.