FinTech news in interest category
Robinhood brokerage cash sweep program used to offer an interest rate of 0.5% to customers that were enrolled for its Cash Management feature, according to the company. 1% APY (annual percentage yield) may not sound like a particularly sexy return.
BlockFi paid SEC $100M in settlement
2022-02-14
It also announced today its intent to register a new, compliant lending product, called BlockFi Yield, which it says would be the first SEC-registered crypto interest-bearing security.
