Crypto exchange OKEx rolls out new service for users to earn daily interest

Malta-based crypto exchange OKEx has announced a new digital asset value-added service in order to provide users with a tool to earn daily interest with their spare assets.

The new service, OK PiggyBank, has been launched in private beta on November 26. It is linked to users’ OKEx accounts and is available on the website interface. It is characterized by depositing and withdrawal freedom, daily rewards of tokens, and no minimum deposit requirement.

Currently, the service only supports the digital assets available in OKEx’s spot margin trading, which are BTC, ETH, EOS, XRP, USDT, LTC, and ETC. More tokens are expected to be available in the future. Users can transfer assets between OKEx account and OK Piggybank anytime in real time, without any minimum limit.

“We always strive to provide greater value to our users and offer them access to a much wider range of convenience and rewards,” said Andy Cheung, OKEx’s Head of Operations. “With the launch of this new service, users can better manage their assets and also enjoy stable returns regardless of market volatility.”

For daily rewards, users need to deposit assets into OK PiggyBank, and the profit will start accruing on the second day and the rewards will be credited on the third day. They can also activate the "Auto Balance Transfer to OK PiggyBank" function for automatic transfer of the available balance in the wallet to OK PiggyBank.

According to the official release:

“Daily interest rate of OK PiggyBank = 85% of daily margin trading interest received by OKEx / total amount of all supported tokens of all users on that day”

Last week, OKEx launched the “OKEx Project”, which it described as “an information platform which offers token projects' basic information, roadmap and development progress, and third-party reviews.”