Key Takeaways
Kraken introduced Fixed Rate Rewards on its Kraken Earn platform, allowing eligible clients to lock in up to 6% APY on cash and stablecoins.
According to BlockchainReporter, cryptocurrency exchange Kraken has introduced Fixed Rate Rewards on its Kraken Earn platform, letting eligible clients lock in a fixed yield of up to 6% APY on cash and stablecoin balances. Announced on September 3, 2026, the product allows clients to select lockup terms of three, six, twelve, or eighteen months. Rewards compound weekly, and an opt-in auto-renew feature rolls balances over at maturity.
The offering supports fiat balances in US dollars and euros, as well as the stablecoins USDT, USDC, and USDG. It is accessible via the Kraken Consumer and Pro apps on web and mobile. Participation is subject to geographic restrictions, and access in the United States is limited to accredited investors.
John Zettler, Kraken’s Director of Product for Earn and Trade, stated that the product addresses client demand for certainty and clear fixed-rate yields on cash and stablecoins. The launch follows other updates by the exchange, including raising ETH/USD margin leverage to 20x and a banking partnership with SoFi.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
