Quantfury to Start Paying Federal Reserve Interest Rate Plus 50 Basis Points on Instantly Available Cash in USD and USD Stablecoins
20.7.2023 17:00:00 EEST | Business Wire | Press release
Quantfury Trading Limited ("Quantfury"), a global multi-asset brokerage firm, announces that effective today, clients will earn 5.75% in USD and USD stablecoins on instantly available cash balances.
Unlike other brokerages and trading platforms, Quantfury pays interest daily, based on the leading economic indicator and directly to client spot wallet account balances eliminating any restrictions or special programs and enabling cash to be instantly available. Further, Quantfury Interest Rate paid to cash balances represents a transparent mechanism to protect clients’ funds from inflation on a monthly basis.
Quantfury Trading CEO Ali Pourdad comments, "We are pleased to offer another innovation for Quantfury clients as a way to protect their instant available cash balances from depreciation, continuing the traction of unmatched conditions in the field of trading and investing."
Quantfury Trading is a fully regulated broker-dealer with the Securities Commission of the Bahamas. It also maintains a digital wallet custodian license under the DARE Act. The Quantfury brokerage offers the best trading conditions globally for retail traders. The Quantfury business model aims to monetize the retail trading flow by developing world-class proprietary quantitative trading strategies.
About Quantfury
Quantfury is a global brokerage that offers commission-free trading and investing at real-time spot prices of global and crypto exchanges. As of 2023, Quantfury has 500,000-plus users in more than 50 countries.
For more information, visit www.quantfury.com.
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