Bitfinex Lets Users Earn on Crypto with Staking Rewards Program

By Bitfinex April 7, 20201762 views

ROAD TOWN, British Virgin Islands, April 7, 2020 9:00 AM UTC – Bitfinex, a state-of-the-art digital asset trading platform, has launched a Staking Rewards Program that allows users to earn rewards by holding funds on the exchange.

Bitfinex customers can earn staking rewards as high as 10% per year by depositing and holding digital tokens on Bitfinex. 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.”

In celebration of the launch of the Staking Rewards Program, Bitfinex is hosting a competition, sTake a Bitfinex T-shirt. Participants will have the chance to win a branded Bitfinex T-shirt.

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.

About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital token 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 financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation for experienced traders and liquidity providers around the world. Bitfinex’s services and products are only intended to be available as permitted by law and Bitfinex’s Terms of Service. U.S. persons are prohibited from using Bitfinex’s services pursuant to Bitfinex’s Terms of Service. This release does not constitute a solicitation for, or offering of, any product or service. Visit bitfinex website to learn more.

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