Bitfinex Launches Staking Rewards for Polkadot (DOT)

ROAD TOWN, British Virgin Islands, October 16, 2020 1:30 PM UTC – Bitfinex, a state-of-the-art digital tokens trading platform, has announced staking rewards for Polkadot (DOT), the native token powering Polkadot, an open-source project enabling interoperability between different blockchains.

DOT joins a suite of tokens available for staking on the Bitfinex platform, that includes Cardano (ADA), EOS (EOS), Cosmos (ATOM), v.systems (VSYS) and Tezos (XTZ). 

Designed to provide users with another avenue to increase the value of their holdings, staking will enable Bitfinex customers to earn rewards as high as 14%* per year by depositing and holding DOT tokens.

“We’re pleased to provide our customers with the opportunity to earn rewards on their DOT assets,” said Paolo Ardoino, CTO at Bitfinex. “Staking provides an accessible and straightforward way for our users to grow their crypto wealth and forms part of our commitment to building an open financial system.”

The staked digital tokens will be held securely safely in our cold wallets. When Bitfinex stakes a digital token, it is delegated by the exchange, but it  remains in the platform’s wallets in the same manner as other tokens.

Bitfinex is leveraging its position as a one-stop-shop for digital token trading, offering a variety of services, including margin trading with up to 5x leverage.

* This is the estimated annual staking reward for staked tokens. Actual annualized staking rewards may differ. Bitfinex makes no guarantees regarding the amount of any staking rewards.

About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital tokens traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

 

Media Contact for Bitfinex

Joe Morgan

Senior Public Relations Manager

[email protected]

mm
Tech Junkie is a small word for Vikas Kaushik. Whether the latest game on the market or a new gadget launch he is the go-to person. He drives his motivation from the fast-paced technological advancements. He ensures that the right news reaches niche audiences. An avid biker and movie buff he has deep-rooted faith in upcoming technological inventions and is a torchbearer for the tech revolution.

Tether Token Transaction Volume on Ethereum Hits US$600 Billion Cementing Exchange Trading Dominance, Glassnode Finds

Previous article

The story of Guo Wengui and his friends

Next article

More by this Author

Based on your Interest

Comments

Comments are closed.