Share this article
Bitcoin Exchange River Financial Allowing Users to Earn BTC Interest on Cash Deposits
Not a bank itself, River has teamed up with Lead Bank, a member of the FDIC, meaning user deposits are protected up to the value of $250,000
Updated Oct 22, 2024, 4:46 p.m. Published Oct 22, 2024, 4:43 p.m.
- River has introduced a new product that provides users with interest on cash deposits, which can be paid in USD or BTC.
- The "Bitcoin Interest on Cash" feature pays a variable rate of interest, which currently stands at 3.8% as of Oct. 22.
- River's aim is to give bitcoin users the best of both worlds between maintaining a cash buffer of savings to meet expenses as they arise, while also earning BTC.
Bitcoin financial services company River Financial has introduced a new product that provides users with interest on cash deposits, which can be paid in BTC or USD.
The "Bitcoin Interest on Cash" feature pays a variable rate of interest, which stands at 3.8% as of Oct. 22, according to an announcement on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Not a bank itself, River has teamed up with Lead Bank, a member of the Federal Deposit Insurance Corporation (FDIC), meaning user deposits are protected up to the value of $250,000.
River's aim is to give bitcoin users the best of both worlds between maintaining a cash buffer of savings to meet expenses as they arise, while also earning BTC. This gives customers a reason to keep their cash on River's platform, rather than in a bank.
The company is attempting to differentiate itself from other bitcoin yield-bearing products that have been offered in the past, and which have had a habit of ending in tears. River stipulates that it is offering yield on customer cash, not their bitcoin.
"River protects your assets with FDIC-insured cash...and bitcoin that is always held in reserve," the firm said in the announcement.
Read More: A Hunt for Yield: The Next Chapter in Crypto Portfolio Optimization
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Tensions over El Salvador's bitcoin holdings ease as IMF praises economic progress
The Central American country’s economy is projected to grow 4% this year, the IMF said.
What to know:
- The IMF praised El Salvador's stronger-than-expected economic growth and progress in bitcoin-related discussions.
- El Salvador's real GDP growth is projected to reach around 4%, with a positive outlook for 2026.
- Despite previous IMF recommendations, El Salvador continues to increase its bitcoin holdings, adding over 1,000 BTC during November's market downturn.
Top Stories
