ICONFi, a hybrid savings and staking platform, has launched My Crypto to enhance user convenience.
The service allows users to view real-time balances and connect APIs from crypto exchanges such as Binance and Coinbase, according to a press release obtained by Coin Journal.
Eliminating multitasking
As exchanges list a wider range of tokens and coins, users face an expanding set of choices. Traders and investors often struggle to check balances across multiple exchanges. Constantly switching between exchange apps to verify holdings is cumbersome and time-consuming.
How My Crypto solves the problem
My Crypto addresses this challenge by enabling ICONFi users to see balances across different exchanges in one place, greatly simplifying asset management. The app is read-only and does not have access to users’ funds.
It also lets users compare investment returns from direct trading with ICONFi’s various deposit interest rates. Steve Cho, Growth Lead at ICONFi, explained:
The My Crypto service is designed to tackle the issue of managing many different exchange wallets. It also displays the total value of users’ crypto assets in BTC, making it easier to understand how much crypto is held across exchange wallets and ICONFi accounts. Many ICONFi users deposit BTC, ETH, USDT and USDC into their ICONFi Flexible account to earn base interest rates because it has no lock-up period. People always want to maximize returns on their holdings, and ICONFi users recognize this as the best option to earn steady yields without taking on lock-up risk, especially given how volatile the crypto market can be.
ICONFi CEO Sean Kim added:
ICONFi’s vision is “Make Crypto Simple” — we aim to provide easy and convenient crypto-finance services for all crypto users. ICONFi officially offers some of the highest compound interest rates on BTC (excluding platform tokens) in the market and is the only crypto savings platform that provides fixed rates to its users. Many other platforms reduce rates when users deposit more crypto, which is unreasonable. Users deserve higher returns when they commit more assets. We want to help any crypto user extract maximum value from Bitcoin in a simple, easy, and convenient way.