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Kraken Exchange is introducing a fixed annual percentage yield (APY) of up to 6 percent on cash and stablecoin deposits for users who commit to an 18 month term. The initiative, available in eligible regions, allows users to lock in their chosen rate for periods of 3, 6, 12, or 18 months, with the top rate of 6 percent APY reserved for the longest allocation.
Kraken Exchange stated that once customers select a term and rate, that rate is guaranteed for the duration of the commitment. The offering underscores growing competition among crypto platforms seeking to attract depositors in the current market environment, with stability and guaranteed returns as key features.
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Kraken Exchange recently marked its 15th anniversary by launching a sweepstakes featuring a 15 ETH giveaway. The company has also promoted the use of AI tools among crypto investors, releasing a free artificial intelligence investing guide earlier this year. These initiatives highlight the platform’s ongoing efforts to engage its user base with new offerings.