Kucoin’s Increasing APR, Is this a Glitch or An Indication of Something Worst?

The “KuCoin Earn” deposit interest rate on the current platform has reportedly risen, with annualized interest rates of 229% for ETH, 305% for BTC, and 100% for USDT, according to the official website of the cryptocurrency trading platform KuCoin.

Since the FTX crash, numerous platforms with the claim of offering high-interest deposits have closed down one after another, which is curious while cryptocurrency bears continue to slump. Where did the interest rate get so high?

BTC

$23,235.07 (1.29%)

ETH

$1,677.15 (2.62%)

BNB

$331.50 (1.07%)

XRP

$0.40 (1.36%)

SC

$0.0055 (41.69%)

BTC$23,235.07 (+1.29%)

ETH $1,677.15 (+2.62%)

BNB $331.50 (+1.07%)

XRP $0.40 (+1.36%)

SC $0.0055 (+41.69%)