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Kraken Exchange has launched Auto Earn for Canadian dollar users, introducing an annual percentage yield of 1 percent on qCAD holdings.
Users who upgrade to Kraken Plus can access an enhanced rate of 2 percent APY. The initiative aims to attract more Canadian clients to utilize the platform’s earning features as competition intensifies across crypto exchanges. Kraken Exchange’s move comes amid growing demand for higher-yielding products linked to stable digital assets.
Kraken Exchange recently reported over $100 million deposited into Bitcoin Vault as users pursued a 2.5 percent APY paid in Bitcoin. The company has also revealed plans to list tokenized equity from a major upcoming IPO. These initiatives highlight Kraken’s push to expand its range of offerings for both crypto and traditional asset holders.