Bitfinex Cryptocurrency Exchange to Offer Staking Rewards Program

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

Bitfinex says the staked digital belongings might 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 neighborhood with new merchandise and improvements,” mentioned Paolo Ardoino, CTO at Bitfinex. “The Bitfinex Staking Rewards Program offers our customers with one other avenue to improve their holdings on our platform.”

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

Based in 2012, Bitfinex is a digital asset buying and selling platform presents entry to peer-to-peer financing, an OTC market and financed buying and selling for a wide array of digital belongings.

Bitfinex has been a supply of controversy previously and reportedly had a internet revenue of $404 million in 2018 and at present has a market cap of over $135 million.

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