Hong Kong-registered, British Virgin Island-domiciled Digital asset buying and selling platform Bitfinex is on the point of launch a brand new Staking Rewards Program on Tuesday, April 7, 2020, that may enable customers to earn rewards get hold of staking rewards as excessive as 10% per yr by depositing and holding digital tokens on Bitfinex.

Bitfinex says the staked digital property will likely be held safely, using Bitfinex’s safe in-house custody resolution. When Bitfinex stakes a digital token, it’s delegated by the trade, that means that the tokens stay within the platform’s management, secured in the identical method as different tokens.

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“We’re dedicated to partaking our current customers and the broader group with new merchandise and improvements,” mentioned Paolo Ardoino, CTO at Bitfinex. “The Bitfinex Staking Rewards Program gives our customers with one other avenue to extend their holdings on our platform.”

“Bitfinex is leveraging its place as a one-stop-shop for crypto buying and selling, providing quite a lot of providers, together with margin buying and selling with as much as 5x leverage. The trade additionally provides customers entry to a perpetual swap contract providing 100x leverage by its affiliate, iFinex Monetary Applied sciences Restricted.”

Based in 2012, Bitfinex is a digital asset buying and selling platform provides entry to peer-to-peer financing, an OTC market and financed buying and selling for a big selection of digital property.

Bitfinex has been a supply of controversy prior to now and reportedly had a web revenue of $404 million in 2018 and right this moment has a market cap of over $135 million.

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