YouHolder, a CeDeFi platform that avails, among other services, crypto loans and swapping, is onboarding ten digital assets, including Avalanche (AVAX), 1INCH, and PancakeSwap (CAKE).
YouHolder Adds 10 New Coins
In a press release shared on January 24, YouHolder said that besides the diversity in the number of supported coins, it would also be the first platform to offer up to 5.5 percent interest on Zilliqa (ZIL) and FTX Token (FTT).
Of note, YouHolder stands out as a platform supporting a variety of top-40 most liquid cryptocurrency assets, providing time-tested avenues for holders to make money. Added coins join the ranks of Bitcoin, USDT, BUSD, ETH, and more currently supported by YouHolder and whose depositors continue to earn attractive yields every week. BUSD depositors, for instance, earn a 10 percent APR and compounding interest from a secure wallet allowing instant transactions and weekly payouts.
The co-founder of YouHolder, Ilya Volkov, said their CeDeFi platform is easing access to the rapidly expanding DeFi ecosystem, allowing users to participate in a simplified environment.
“DeFi allows consumers to earn interest on their capital through farming and staking, but the process is challenging and not that much user-friendly. And with staking, you need to lock two times more funds than you might want to since you need both the token and USDT.”
“We’re seeing a lot of demand for these specific projects; they have growing communities, and as a CeDeFi platform, we want to remove the burden from our users and allow them to benefit from this economy.”
A High Yielding Crypto Savings Account
YouHolder has clients from over 100 countries while offering a universal, secure platform for exchanging highly liquid digital assets in the top-40. However, one of their main attractions is the crypto savings account product where coin holders can deposit cryptocurrencies and earn comparatively high interest. Through its solutions, YouHolder effectively links the crypto and the real world, allowing token holders to use their cryptocurrencies without spending them.
Through YouHolder’s crypto savings account, interests begin accruing in the first week. At the end of every week, earned profits are deposited into the owner’s account. YouHolder further makes it easier for investors to determine how much they can earn within a given period. Notably, possible rewards earned can be estimated for up to 12 months.
Swap Tokens for Fiat, Stablecoins, and Crypto
YouHolder also supports swapping assets for other cryptocurrencies, fiat, or stablecoins. From the CeDeFi platform, users can exchange various assets while paying less and enjoying instantaneous settlement. Users can immediately purchase cryptocurrencies from their debit or credit cards and SEPA bank accounts.
The platform has also indicated that all card purchases are under the PCI Security Standard while all crypto operations adhere to the applicable Cryptocurrency Security Standard (CCSS). Furthermore, the team constantly carries out regular audits executed by reputable finance, accounting, and cybersecurity firms.
Industrial Grade Security to Protect User Assets
Guaranteeing the security of deposited assets are military-grade approved vaults used by YouHolder developed by crypto’s security veterans, Ledger Vault and Fireblocks. Specifically, Ledger Vault is a custody solution targeting institutions amid rising global interest in cryptocurrencies.
In 2021, the cumulative cryptocurrency market capitalization soared to breach the $2 trillion mark for the first time in history. Leading cryptocurrencies such as Bitcoin topped over $68k in leading cryptocurrency exchanges during that time. YouHolder is one of the many reputable players in the cryptocurrency field, including Bitstamp, Nexo, and UpHold, who use Ledger Vault to custody user funds.
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.