Cryptocurrency and digital payment firm, Crypto.com has announced the inclusion of ATOM to Crypto Earn. This would enable its users to enjoy up to 8 percent p.a. on their deposits, with interest paid in ATOM.
The announcement was made via its official Twitter handle, where it noted “all Cosmos $ATOM holders. Earn up to 8 percent p.a. on your ATOM, with interest paid in ATOM!”
Calling all Cosmos $ATOM HODLers – Earn up to 8% p.a. on your ATOM?, with interest paid in ATOM! Deposits and withdrawals are also enabled! Details here: https://t.co/VOjwVwjGVo @cosmos #ATOM pic.twitter.com/K2xLrGBZeG
— Crypto.com (@cryptocom) February 12, 2020
The crypto firm additionally stated that deposits and withdrawals of ATOM are also possible on the Crypto.com App.
With the new addition, Crypto Earn now supports 18 coins on its platform. Namely, BTC, ETH, LTC, XRP, MCO, CRO, TUSD, USDC.
Also, including PAX, PAXG, BNB, BAT, LINK, MKR, DAI, EOS, XLM, and ATOM.
The firm founded in 2016 has grown and can also currently boasts of 1 million users on its platform. And it also provides an alternative to traditional financial services.
Crypto.com is reportedly built on a solid foundation of security, privacy, and compliance. Notably, it is the first crypto company globally to have CCSS Level 3, ISO27001:2013, and also PCI: DSS 3.2.1, Level 1 compliance.
Interest paid weekly
According to the statement, interest is paid in ATOM weekly, in coin save with flexible, 1-month, or 3-month terms available. As a result, users can also earn more by staking at least 500 MCO.
The cryptocurrency platform explains that this initiative happens in a bid to progress on its mission to accelerate the world’s transition to cryptocurrency.
Notably, recently the Crypto.com launched a new service, dubbed “Crypto.com Private,” which offers its users exciting perks.
The crypto firm also previously rolled out a 25 percent discount on BTC for its weekly events, “the Syndicate Lite.”
About Cosmos ATOM
Cosmos is a decentralized network of independent parallel blockchains, each powered by Byzantine Fault-Tolerance consensus algorithms.
The first Hub launched in the Cosmos Network is also the Cosmos Hub. It is a public Proof-of-Stake blockchain whose native staking token is named the ATOM.