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Home News Bitfinex Cryptocurrency Exchange to Offer Staking Rewards Program

Bitfinex Cryptocurrency Exchange to Offer Staking Rewards Program

Hong Kong-registered, British Virgin Island-domiciled Digital asset trading platform Bitfinex is getting ready to launch a new Staking Rewards Program on Tuesday, April 7, 2020, that will allow users to earn rewards obtain staking rewards as high as 10% per year by depositing and holding digital tokens on Bitfinex. Besides Bitfinex, Coin-Update has listed other crypto exchanges that you could use: Bitcoins via PayPal kaufen.

Bitfinex says the staked digital assets will be held safely, utilizing Bitfinex’s secure in-house custody solution. When Bitfinex stakes a digital token, it is delegated by the exchange, meaning that the tokens remain in the platform’s control, secured in the same manner as other tokens.

“We’re committed to engaging our existing users and the wider community with new products and innovations,” said Paolo Ardoino, CTO at Bitfinex. “The Bitfinex Staking Rewards Program provides our users with another avenue to increase their holdings on our platform.”

“Bitfinex is leveraging its position as a one-stop-shop for crypto trading, offering a variety of services, including margin trading with up to 5x leverage. The exchange also offers users access to a perpetual swap contract offering 100x leverage through its affiliate, iFinex Financial Technologies Limited.”

Founded in 2012, Bitfinex is a digital asset trading platform offers access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets.

Bitfinex has been a source of controversy in the past and reportedly had a net profit of $404 million in 2018 and today has a market cap of over $135 million.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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