Where can US users earn interest on crypto?
Many investors are looking for ways to earn interest or yield on their crypto holdings. However, due to regulatory considerations, some crypto interest account and lending platforms have been forced to restrict access for users based in the United States. On this page we list platforms and services available for US users to earn interest on their crypto assets and the regulatory landscape surrounding this industry.
USA Crypto Interest Account Platforms
Due to regulation, some crypto interest account and lending platforms are not able to serve users in the United States (US).
Despite the challenges posed by regulation, there are still several reputable platforms that offer crypto interest accounts to users in the United States.
It’s important to note that interest rates and offerings can change over time, and users should always conduct thorough research before participating in any crypto lending or interest account program.
Why are some crypto lending platforms blocked in the United States?
The primary reason some crypto lending platforms are unavailable or restricted in the United States is due to regulatory concerns surrounding securities laws. Regulators, such as the Securities and Exchange Commission (SEC), have raised questions about whether certain crypto lending products could be classified as securities, which would subject them to additional regulatory oversight and requirements.
In 2021, for example, BlockFi Interest Accounts were halted after the platform received cease and desist orders from regulators in multiple states. The regulators contended that the interest-bearing crypto accounts could be considered securities, and BlockFi subsequently stopped accepting new customers located in the US.
The Regulatory Landscape for Crypto Interest Accounts
The regulatory landscape for crypto interest accounts and lending platforms is still evolving, and there is ongoing debate and discussion around how these products should be classified and regulated. Some argue that crypto lending platforms should be subject to the same rules and oversight as traditional financial institutions, while others believe that a more tailored regulatory framework is needed to account for the unique nature of cryptocurrencies.
As the industry matures, it is likely that more regulatory clarity will emerge, which could impact the availability and offerings of crypto interest account platforms in the United States and globally.
Our database of lending and crypto interest account services is regularly updated to reflect the latest changes and developments in this space. By providing accurate information on which platforms are operating in the United States and any limitations or restrictions they may have, we aim to help users make informed decisions about where to earn interest on their crypto holdings.
Our database of lending/crypto interest account services helps you identify which platforms are still operating in the United States, and which are unavailable or are limited in their offering.
