Gemini exchange users can now earn interest on Dogecoin

CoinDesk Analysis Team CoinDesk

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.

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CoinDesk Analysis Team

CoinDesk

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