Kraken launches Fixed Rate Rewards, giving accredited US investors fixed APYs of up to 7% on cash and stablecoins
Kraken has introduced Fixed Rate Rewards, offering accredited US investors fixed annual yields up to 7% on cash and stablecoin holdings through locked terms of 3, 6, 12, or 18 months.
The useful question is what changes for users, developers or buyers, and whether the announcement stays industry context or becomes something people can actually use.
Kraken’s new Fixed Rate Rewards program allows eligible US accredited investors to lock in a fixed annual percentage yield (APY) of up to 7% on eligible fiat and stablecoin balances. Clients can select terms of 3, 6, 12, or 18 months, during which the rate remains unchanged, eliminating rate drift and the need for active management. The feature is designed to provide predictable returns for investors holding cash or stablecoins on the platform. According to John Zettler, Director of Product at Kraken Earn & Trade, the program addresses demand for clear, fixed-rate yields without adjustments or surprises.
The Fixed Rate Rewards program supports eligible fiat currencies such as USD and EUR, as well as stablecoins including USDT, USDC, and USDG. It is accessible through both Kraken’s Consumer and Pro platforms, available on web and mobile interfaces. Users can initiate the process in the Earn section of the Kraken app or website, or via the Kraken Pro mobile and web applications. The program is subject to geographic and eligibility restrictions, with participation in the US limited to accredited investors.
Rates for Fixed Rate Rewards are subject to change, and participation in the Opt-In Rewards Program carries inherent risks, as outlined in Kraken’s Terms of Service. The program is not available in all markets, and eligibility requirements apply. Investors are advised to review the full terms and conditions before participating. The feature aims to provide a straightforward way for clients to earn steady returns on idle cash or stablecoin holdings.
The introduction of Fixed Rate Rewards follows Kraken’s broader effort to expand its Earn product suite, which already includes flexible and staking-based reward options. By offering locked-term yields, the exchange seeks to cater to investors seeking stability and predictability in their returns. The program is now live for eligible clients, with no specified end date for availability.