Leading Latin American crypto platform Bitso says it has added ETH to Bitso+, a yield platform that allows users to generate income on parked funds. Previously, Bitso allowed Bitcoin holders and dollar stablecoin holders to generate income but Bitso has now added ETH.
Bitso+ was lunched in May of 2022 to allow users to earn passive income for crypto held in their digital wallet. While there are no investment minimums, there are tiered interest rates that apply. Liquidity is available daily. Current rates may be viewed here. Bitso says that currently, around 800,000 users have activated this feature. Bitso re;ports more than 5 million users in Argentina, Colombia, Mexico and Brazil.
Bárbara González Briseño, General Director of Bitso México, commented:
“From the beginning, Bitso+’s mission was to provide a safe and reliable option for our customers to generate returns simply by leaving their crypto in their Bitso wallet. Adding Ether was the logical step, not only because of the great adoption of this cryptocurrency among our clients, but also because the Ethereum ecosystem has shown incredible innovation since its creation. The next Ethereum Merge is one more example of Ethereum’s ability to revolutionize the world from a more scalable and sustainable perspective. At Bitso we share the ecosystem’s enthusiasm for this improvement process and we are committed to supporting it.”
Like other crypto exchanges, Bitso has published its expectations for the Merge which will take place in September. The Merge is when Ethereum moves from Proof of Work (PoW) to Proof of Stake (PoS).