Crypto trading platforms like Huobi Global are making trading more accessible to everyday investors, providing a wide range of educational content, products, and tools.
Especially since Bitcoin topped $60,000 in March after rebounding from the year’s low of $27,734 on Jan. 4, more and more investors are looking to add digital assets to their portfolios.
And yet there are various types of investors, some who enjoy short-term trading, and others who prefer investing for the long term. Huobi’s newly launched product, Huobi Earn, enables longer-term holders to make money by depositing their assets.
What Is Huobi Earn?
In a nutshell, Huobi Earn enables users to manage their digital assets in an easier and more efficient way. With Featured Deposits, Flexible Deposits, and Fixed Deposits as the three main products, Huobi Earn aims to provide investors with multiple options to manage their assets.
Featured Deposits are when investors deposit certain specified assets for certain time periods. The returns are high but the aggregate quantity allowed is limited – that is once investors deposit a certain amount, the promotion will cease to accept new deposits.
Flexible Deposits gives users the flexibility to transfer their balances into daily-APY-earning instruments, without locking them up. Fixed Deposits, on the other hand, have a lock-in period and can only be redeemed at the end of the designated period. However, the APY can be much higher.
In August this year, Huobi Earn also launched a new product named First Timer, where new users can receive APY of up to 50% in the first seven days of depositing assets.
“We are committed to providing users with more options to enhance their digital asset management tools. Huobi Earn will enable users with lower risk appetites to benefit from the steady appreciation of assets. This will help bring stability to crypto markets, ” stated Du Jun, co-founder of Huobi Group.
The Benefits of Huobi Earn
There are many ways to earn income on different crypto exchanges like Binance and OKEx, but what separates Huobi Earn from others is its high APY and the wide variety of assets available for depositing.
For example, currently, the APY for BTC at Huobi Earn is 1.32%, in comparison to 0.5% on Binance and 0.26% on OKEx. For USDT, Huobi Earn offers an APY of 4.91%, four times higher than that of Binance’s product.
The APY earning opportunities aren’t limited to just a few tokens. Huobi has more than 41 assets available for depositing and investment earning opportunities. For users who are fond of non-fungible tokens (NFTs), Huobi also provides a wide variety of popular NFT assets. There are even special events where users can deposit tokens to get high APY on emerging projects in their early stages.
“I was first attracted to Huobi’s liquidity and strong risk control systems, ” said James Charles, an investor using Huobi Global. “After trading on Huobi for a period of time, I found Huobi Earn offers numerous options of assets to choose, and the APYs of some mainstream assets were much higher, sometime two to four times higher than the APYs of other platforms. ”
Huobi Global also has innovative and user-friendly features. For example, Huobi Earn offers an auto deposit option so investors can automatically deposit assets every so often. For fixed deposits, the “Auto Transfer” feature automatically transfers the available balance to a flexible earning account for that particular asset daily at 10:00 (UTC).
Huobi Earn is just one of the many new services that Huobi Global is rolling out to cater to a wider range of investors. As the company continues to expand its services to reach a global audience, investors should watch out for more of these overlooked opportunities.
Disclaimer: This is a paid post and should not be treated as news/advice.