In an held at The Fullerton Hotel, Singapore, global crypto exchange Coinstore today unveiled its latest offering, Coinstore EARN. The announcement saw a gathering of more than 400 crypto enthusiasts, 100 venture investors, and representatives from over 50 well-known companies, highlighting the significance of the launch in the crypto community.
Coinstore EARN, developed by the exchange’s expert quant team, introduces a novel way for users and institutions worldwide to generate passive income from their digital assets by providing high annual percentage yields. This feature represents a major stride in Coinstore’s mission to offer a comprehensive suite of digital asset services under one roof.
The launch event boasted an impressive lineup of speakers, including James Toh, Global Head of Business Development at Coinstore, Manfred Chew, Business Development Associate Director at Coinstore, Jide Fashola, Head of Technical Integrations at Cardano Foundation, Daniel Oon, Head of DeFi at Algoland Foundation, and Liu Yang, Founder of MetaTrust Labs.
Coinstore EARN empowers users to maximize their digital assets by investing them for a fixed tenure, guaranteeing returns on their investments. Users can choose their preferred investment tenure and redeem their principal amount along with interest upon maturity. This wealth management solution also offers a range of Web3 functionalities, such as robust NFT wallets, efficient on-chain asset management, and top-notch security measures, providing users with a comprehensive Web3 experience.
Jennifer Lu, Co-Founder at Coinstore, commented on the development, stating, “Coinstore’s brand transformation aims to become a one-stop solution for crypto enthusiasts, offering a wide range of digital asset services under a single platform.”
Jennifer revealed that Coinstore has plans to launch spot trading, futures trading, and derivatives pledging soon, further enhancing the user experience.
Coinstore has consistently introduced financial innovations with the goal of providing more inclusive digital financial services to its global user base. In March 2022, the exchange launched Web 3.0, which leverages wallets as a gateway to bridge the gap between centralized and decentralized exchanges, offering users a unified solution for digital asset management.
Coinstore recently surpassed 3.6 million users milestone, while also experiencing record-breaking daily transaction volumes reaching $450 million.
Looking ahead, Coinstore aims to build a Web3 security ecosystem while adhering to legal compliance and risk management principles. Their mission is to create a secure digital world and promote the application of Web3 and other technological innovations.
Read Also: Crypto Asset Portfolio: Balancing Risk and Returns – Insights from FinMason’s Latest Report
