Gemini, the Winklevoss brothers-founded cryptocurrency exchange, has added Dogecoin to the cryptocurrencies supported by its Earn lending program, allowing customers to earn interest on their holdings.

  • Users can realize as much as 2.25% annual percentage yield (APY) on DOGE, Gemini said in a blog post on Saturday.

  • Sushiswap, injective and polygon have also joined the U.S.-based exchange's Gemini Earn platform.

  • The additions take the total number of interest-bearing cryptocurrencies to 32.

  • Under the program, users can earn between 1.26% and 7.75% APY, according to the platform's web page.

  • Dogecoin was first listed on Gemini on March 4, as eToro also added support for the meme-based coin.

  • At press time, DOGE is changing hands for around $0.50, having fallen from an all-time high of $0.74 on Saturday, according to CoinDesk data.


All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

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