Place/Date: - April 1st, 2022 at 10:49 am UTC · 5 min read
Source: Huobi Global
Turmoil, upheaval and instability – words often used to describe current market conditions. There appears no ceasefire in sight for the war between Russia and Ukraine, prices of commodities have skyrocketed and volatile assets, including cryptocurrencies, are feeling the effects of this uncertainty.
The current sentiment in the cryptocurrency market is one filled with shaky trepidation, but is such an environment only suited for seasoned traders who can stoically endure the risks? Not necessarily.
While the notion of turning to cryptocurrencies as a form of financial stability may appear far-fetched to some due to their reputation for extreme volatility, there exists a multitude of readily available crypto products and services tailored toward investors who prefer to seek stability and avoid risks.
Enter cryptocurrency deposit products, designed specially for investors looking to gain guaranteed income even during uncertain market conditions.
Despite having their roots in China, the majority of cryptocurrency exchanges have been prompted to globalize and draw investors worldwide since the Chinese government’s ban on cryptocurrency trading and mining. Cryptocurrency exchanges the world over are now seeking to attract investors with wide arrays of product types catering to different risk profiles; and such competition can only mean good news for the end-user.
Huobi Global, a world-leading cryptocurrency exchange established in 2013, is no exception, and is in fact, upping the ante in the crypto fixed deposit market. PrimeEarn, its fixed deposit product that allows participants to stake mainstream assets for a fixed period in exchange for guaranteed returns, has received an overwhelming reception from investors due to several factors that set it apart from other industry players.
High Annualized Percentage Yields (APY) has been the hallmark of PrimeEarn offerings since the event’s maiden launch in December 2021, incentivizing crypto investors keen on gaining risk-free returns by holding onto their assets for longer periods of time.
With Huobi PrimeEarn, investors stand to gain up to 20% APY for staking mainstream crypto assets such as BTC, ETH, and USDT for 14 days, with no cap on amount deposited, making it an attractive and viable option for investors holding onto large amounts of assets who seek stable and guaranteed yields. The 20% APY offered for USDT deposits is the highest in the market today, while the 15% APY offered for ETH deposits is also one of the highest available, deeming PrimeEarn an attractive proposal in today’s competitive marketplace. Huobi Global’s rationale for offering such high APYs is simple – crypto investments should cater to investors across all risk profiles, and PrimeEarn, with its guaranteed returns, is an ideal gateway for users who are just starting their crypto journeys.
For example, the world’s current largest cryptocurrency exchange, Binance, now offers a maximum APY of 10% (up from 7% previously) for USDT flexible deposits – in addition to other caveats. Binance Earn’s highest offered APY of 10% can only be attained on the first 2,000 USDT deposited, and tiered APY (at much lower rates) follows for any remaining sums deposited. Binance also seldom launches fixed deposit products for mainstream assets.
The attractive APYs offered by PrimeEarn have not gone unnoticed and have instead prompted action from other exchanges.In comparison, competing deposit products offered by larger crypto exchanges are hardly as attractive. Most competitors offer APYs no higher than 7% for mainstream assets – APYs offered for USDT deposits typically range between 3-7%, while APYs offered for ETH deposits range from 1-5%. BTC deposits usually bring in APYs of just 0.66% to 1%, in comparison to the 5% offered by Huobi PrimeEarn.
Given such attractive APYs, it’s little wonder PrimeEarn events are often sold out within a short period from time of launch. And Huobi’s offerings are just getting sweeter.
Starting today, users can look forward to participating in a PrimeEarn promotion weekly. Dubbed PrimeEarn High-Yield Tuesday, the promotion aims to incentivize participants to rally their friends to take part in the exciting world of cryptocurrency.
Every Tuesday, users can team up with others to deposit USDT and ETH to attain high APYs. Teams will be ranked and rewarded with APY boosts based on the cumulative amount deposited and top teams will see their APYs increase to 20% for USDT deposits and 15% for ETH deposits.
The world of cryptocurrency is hardly as daunting or complicated as some imagine it to be. With PrimeEarn High-Yield Tuesday, users simply need to know that the more they deposit, the more returns they receive.
Current volatile market conditions mean more high-yield fixed deposit products will likely find their way into the crypto marketplace, and users are well-poised to be at the receiving end of such offerings as they explore the crypto world.
The second PrimeEarn High-yield Tuesday is just around the corner, and every user who anticipates a higher APY for depositing maitream assets, coupled with engaging event gameplay elements, can participate to enjoy high returns. To learn more about how to participate in Huobi PrimeEarn High-Yield Tuesday, click here.