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Saturday, February 3, 2024

Crypto platform Bitpanda introduces staking performance on 11 cryptocurrencies » CryptoNinjas

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European crypto funding platform Bitpanda has now launched Bitpanda Staking, providing customers the chance to earn and generate yield on chosen cryptocurrencies.

At launch, eleven cryptocurrencies can be obtainable for staking with Bitpanda: ADA, TRX, XTZ, SOL, DOT, MATIC, ATOM, GRT, KSM, NEAR, and LUNA; extra staking belongings can be added all year long.

Staking is a method of incomes rewards for placing sure cryptocurrencies to work.

That is doable just for cryptocurrencies that run on a mechanism referred to as “proof-of-stake”, a method to make sure that transactions are verified and secured. Blockchain places staked cryptocurrencies to good use – they change into a part of this course of and pay again rewards to their holders.

No lock-in interval, no warm-up interval 

All belongings staked on Bitpanda are usually not locked in and are accessible at any time. With no warm-up interval, customers earn from the moment they select to stake their crypto, till the purpose they select to unstake.

Weekly rewards beginning instantly

Customers of Bitpanda will obtain staking rewards for his or her staked belongings as soon as every week, independently of how the blockchain distributes rewards. Rewards are staked robotically, so customers enhance their rewards over time. With Bitpanda Staking, the group will obtain rewards from the primary week they stake.

“Bitpanda Staking is the simple option to put crypto at work and it provides our group the chance to earn further earnings on chosen crypto-assets, with a one-click characteristic that requires no prior technical information. We’re dedicated to enabling staking for extra cryptocurrencies all year long.”
– Eric Demuth, Bitpanda CEO and Co-Founder

Based in 2014, Bitpanda is a crypto-trading firm primarily based in Austria with Eric Demuth, Paul Klanschek, and Christian Trummer as co-founders.


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