Crypto
European exchange 21bitcoin starts paying interest on idle euro balances, paid in bitcoin
European crypto trading platform 21bitcoin has started paying 1.21 percent annual interest on uninvested euro balances left in customer accounts. Users can receive the interest in bitcoin without separate currency conversion fees. The interest is paid by German bank Volksbank Raiffeisenbank Bayern Mitte eG, which holds a stake in 21bitcoin, with customer funds kept in segregated trust accounts. The rate is variable and subject to German withholding tax.
