CRYPTO NEWS

Digital Wealth Pioneer Yield App Unveils Mobile App for iOS and Android

PRESS RELEASE. ESTONIA — 17 JUNE 2022 — Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is now taking on the mobile world with the launch of its iOS and Android app, as it continues on its mission to make digital asset earning opportunities available to anyone, at the click of a button.

The brand new, intuitive mobile app allows Yield App’s customers to seamlessly manage their digital wealth on their mobile devices, further simplifying the platform’s offering. With the same easy-to-use interface as the web platform, combined with simpler login options via fingerprint or face ID, the mobile app allows Yield App’s customers to manage their digital asset portfolios on the go.

Tim Frost, CEO of Yield App, says: “We are thrilled to unveil this new addition to our product suite, providing our customers with all the tools necessary to achieve financial freedom. This is an exciting milestone in our journey to become everyone’s trusted digital wealth partner.

“Our brand new mobile app makes it easier than ever for Yield App customers to earn on their digital assets. With just a couple of clicks, they can access their portfolios anytime, from anywhere in the world with an internet connection.

“We firmly believe that digital assets should be part of everyone’s investment portfolio and that passive income strategies are the best way to make the most of these holdings.”

Adrien Geneste, Chief Marketing Officer at Yield App, adds: “We are thrilled to be among the first to provide a mainstream and easy-to-use financial product dedicated to digital asset management. Yield App is dedicated to pioneering digital wealth solutions that make earning on your assets an effortless experience.”

Yield App is a digital wealth platform that allows its customers to earn market-leading yields on the biggest digital assets. Customers can perform all actions available on the web platform via the mobile app, including earning, staking, locking or converting their assets in-app.

Customers simply deploy their assets into Yield App portfolios to earn passive income on stablecoins, BTC and ETH, compounding daily. At the core of the platform’s strategy is its $YLD token, which rewards loyal community members with a higher yield the more YLD they stake or lock on the platform.

About Yield App

Yield App believes that everyone should have access to the best earning opportunities. Its mission is to unlock the full potential of digital assets, combine them with the most rewarding opportunities available across all financial markets and make these available to the world. To achieve this, the company provides an innovative digital wealth platform and mobile app that bridges traditional and decentralized finance in the easiest way possible. For more information, visit www.yield.app.

For more information, please contact [email protected]

Download the app on iOS here and on Android here

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Why This JPMorgan Strategist Says The Worst Of The Crypto Bear Market Is Nearing Its End

A JPMorgan strategist has predicted that the worst element of the crypto winter for crypto assets, firms, and individual investors is close to an end. Deleveraging, a practice that has been the last resort for a number of troubled crypto firms, is predicted to have reached its terminus. JPMorgan’s Panigirtzoglou admits deleveraging has been the::Listen

Why This JPMorgan Strategist Says The Worst Of The Crypto Bear Market Is Nearing Its End

A JPMorgan strategist has predicted that the worst element of the crypto winter for crypto assets, firms, and individual investors is close to an end. Deleveraging, a practice that has been the last resort for a number of troubled crypto firms, is predicted to have reached its terminus.

JPMorgan’s Panigirtzoglou admits deleveraging has been the last resort for most investors

“Indicators like our Net Leverage metric suggest that deleveraging is already well advanced,” said Nikolaos Panigirtzoglou, strategist and Managing Director at JPMorgan. Panigirtzoglou acknowledged the surge in deleverage positions during the bear market.

He pointed out that part of the reason for this prediction is the fact that other crypto firms with “stronger balance sheets” are making it a business of theirs to assist in making sure the virus that has been spread by the bear market is contained.

The analyst was obviously making reference to Bahamian cryptocurrency derivatives exchange FTX’s intervention in the BlockFi predicament. The exchange aided BlockFi with a $250M emergency credit line to help the firm “navigate the market from a position of strength.”

Secondly, the forecast was also influenced by the fact that venture capital funding has not been majorly affected by the current market situations. Despite the Crypto Winter, funding has totaled around $5 billion between May and June.

Exposure to high leverage

Deleveraging occurs when a firm decides to reduce its leveraged positions by rapidly selling off its assets to cover debts. A number of crypto entities have resorted to reducing their leveraged positions owing to the sudden crypto crash and the fall of Terra’s UST stablecoin.

Recently, Three Arrows Capital, a Singapore-based crypto hedge fund, defaulted on a $670 million loan given to the firm by Voyager Digital. The crypto hedge fund has been having it rough navigating the market due to current overwhelming conditions. This has exposed it to liquidations.

Firms like Celsius Network are among the several companies that have had exposure to high leverages which seem to be backfiring due to current market realities. The next direction of the crypto market in the coming weeks remains to be seen, but it’s likely to determine how things will turn out for investors and crypto entities.

Digital Wealth Pioneer Yield App Unveils Mobile App for iOS and Android

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