<p><span style="font-weight: 400;">Crypto wallet and services provider Blockchain.com is set to roll out interest-bearing accounts, letting users earn yields on their bitcoin deposits.</span></p> <p><span style="font-weight: 400;">Founded in 2011, Blockchain.com is best known for its bitcoin blockchain explorer and cryptocurrency wallet services. </span><span style="font-weight: 400;">According to information shared with The Block, 28% of all bitcoin transactions in 2020 took place in Blockchain.com wallets. </span></p> <p><span style="font-weight: 400;">But the company has recently started branching out to other lines of business, launching an institutional lending desk in August 2019 and <a href="https://www.theblockcrypto.com/post/58251/after-institutional-launch-blockchain-com-now-jumps-into-retail-lending-business" target="_blank" rel="noopener noreferrer">a retail lending desk</a> in March 2020. On Wednesday, Blockchain.com announced its plan to expand its product offerings further to include an interest-bearing account. </span></p> <p><span style="font-weight: 400;">Blockchain.com is not the only firm offering yields on crypto deposits. BlockFi, for example, started providing interest-bearing accounts last August, marketing an up to 8.6% annual interest on crypto-assets such as BTC, ETH, LTC, and USDC. Celsius, Nexo, and Crypto.com have also released similar products. </span></p> <p><span style="font-weight: 400;">Blockchain.com’s new service will only support bitcoin at the outset, offering up to 4.5% annual interest on users’ bitcoin deposits. But the team said that it is working on adding other assets like ETH and USDT in the future. The firm stressed that users in the United States, Canada, and Japan would not be able to access the new service at launch.</span></p> <p><span style="font-weight: 400;">With regard to its recently launched retail lending business – which allows users to borrow USD-pegged stablecoin, USD Digital, against bitcoin held in their Blockchain.com wallets – the company said that it will soon make it available to U.S. customers and enable support for new crypto assets. </span></p> <p><span style="font-weight: 400;">Additionally, the company is adding USDT and ALGO to the list of assets supported by its wallet, which also includes BCH, ETH, and XLM. </span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>