Coinbase launches Defi Yield for users in over 70 countries

Coinbase has launched its latest DeFi Yield product so that its users can get additional returns on their idle assets in their wallet.

The team from Coinbase, one of the world’s leading exchanges, announced the launch of their DeFi Yield product yesterday for users in more than 70 countries.

With this new product Coinbase will make it easier for its customers to access assets in the decentralized financial sector (DeFi), initially starting with the stablecoin Dai. With this launch, Coinbase expects users to access DeFi properties from their platform in a few clicks and with no inherent payments in network fees, as one of the best APYs on the market.

Coinbase launches Defi Yield for users in over 70 countries
Coinbase launches Defi Yield for users in over 70 countries

To be eligible to use this new feature on Coinbase, Users must have Dai in their portfolio in order to generate passive returns with DeFi Yield.

Coinbase notes that its product is available in more than 70 countries including Spain, excluding residents of the United States. Likewise, they have indicated that they will consider other options related to the DeFi sector in order to expand not only the assets available to generate returns on the platform, but other properties inherent in the sector as well.

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