Home Coins Cardano (ADA) You Can Now Stake Cardano and TRON on eToro's Trading Platform

You Can Now Stake Cardano and TRON on eToro’s Trading Platform


Key Takeaways

  • Crypto investors who use eToro can now automatically earn staking rewards.
  • The platform currently supports Cardano (ADA) and TRON (TRX).
  • Other exchanges that offer staking services include Coinbase, Bitfinex, and Binance.

Share this article

Crypto investors who use crypto exchange eToro can now earn staking interest on their investments, according to an announcement from the company.

Earn ADA or TRX

Cardano and TRON investors on eToro will earn 75%-90% of the company’s monthly staking yield. For example, if staking brings a 6% ROI, investors will earn 4.5%-5.4% on their crypto holdings. The precise amount that investors will earn is based on the membership level that investors have purchased and the return that each coin generates.

Investors who hold eligible coins do not have to do anything to begin staking as eToro will distribute rewards automatically. Users need to meet certain conditions to be eligible for rewards: they must hold the coin in question for several days and earn at least $1 in rewards. They must also invest in actual cryptocurrencies—not contracts, copy trading, copy portfolios, or short positions.

SIMETRI gains of 484%

Though only two tokens are currently supported, eToro plans to add staking support for other coins in the future, including NEO, Tezos, EOS, and possibly Ethereum 2.0.

Exchange-Based Staking

Yoni Assia, founder and CEO of eToro, has called staking an “important development” that is difficult for many holders to take advantage of. “[That] is what we’re enabling our global community of investors to do by offering this new service,” Assia said in a Forbes interview.

eToro isn’t the only exchange to offer staking services. Several other exchanges, including Coinbase, Bitfinex, and Binance have also introduced similar offers to investors over the past few years.

Cred - earn easier

Exchange-based staking is often easier for cryptocurrency investors because rewards are usually automatically enabled, and investors do not need to withdraw funds to a separate wallet. Staking certain cryptocurrencies manually may require a large minimum investment, considerable technical knowledge, and commitment to keeping a node online.

That said, Cardano and TRON have already simplified staking through delegation features in their official wallets. It is not considerably more difficult to stake those tokens if they are stored outside of an exchange.

Share this article



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.18
GBP
1.30
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

Celsius Network founder gifts wife 15 million CEL tokens

The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous...

Polkadot, Tezos, Zcash Price Analysis: 28 October

Bitcoin rose past $13,700 and some altcoins showed promise as well. Polkadot was trading in a strong uptrend in the past few days...

DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital

A now-deleted webpage announcing that Singapore’s largest bank is planning to launch a “digital exchange” supporting crypto asset trading is the latest sign...
bitcoin
Bitcoin (BTC) $ 13,645.34
ethereum
Ethereum (ETH) $ 396.19
ripple
XRP (XRP) $ 0.249453
tether
Tether (USDT) $ 0.999608
bitcoin-cash
Bitcoin Cash (BCH) $ 261.19
bitcoin-cash-sv
Bitcoin SV (BSV) $ 171.88
litecoin
Litecoin (LTC) $ 58.25
eos
EOS (EOS) $ 2.64
binancecoin
Binance Coin (BNB) $ 31.08
okb
OKB (OKB) $ 4.60
tezos
Tezos (XTZ) $ 2.04
leo-token
LEO Token (LEO) $ 1.28
cardano
Cardano (ADA) $ 0.099662
monero
Monero (XMR) $ 132.39
stellar
Stellar (XLM) $ 0.080701
chainlink
Chainlink (LINK) $ 11.74
huobi-token
Huobi Token (HT) $ 4.29
tron
TRON (TRX) $ 0.026934
usd-coin
USD Coin (USDC) $ 0.998450
dash
Dash (DASH) $ 69.40
neo
NEO (NEO) $ 16.55
iota
IOTA (MIOTA) $ 0.270468
nem
NEM (XEM) $ 0.094920
zcash
Zcash (ZEC) $ 59.92
maker
Maker (MKR) $ 564.39
paxos-standard
Paxos Standard (PAX) $ 0.999710
ethereum-classic
Ethereum Classic (ETC) $ 5.44
vechain
VeChain (VET) $ 0.011134
true-usd
TrueUSD (TUSD) $ 0.999344
ftx-token
FTX Token (FTT) $ 3.94
kucoin-shares
KuCoin Shares (KCS) $ 0.847195
waves
Waves (WAVES) $ 3.06