ROAD TOWN, British Virgin Islands, April 29 2020 – Bitfinex, a state-of-the-art digital asset trading platform, has passed an important milestone in its ground-breaking Staking Rewards Program with the distribution of 35,000 EOS tokens, worth about $100,000.
Designed to provide users with another avenue to increase the value of their holdings, the Staking Rewards Program enables customers to earn rewards as high as 10%* per year by depositing and holding digital tokens. In addition to EOS, the tokens available for staking rewards also include Cosmos (ATOM) and v.systems (VSYS), with Tezos (XTZ) set to launch in May.
“We accumulated a good amount of EOS in recent weeks and are delighted to announce the distribution of staking rewards,” said Paolo Ardoino, CTO at Bitfinex. “As an exchange, we value the loyalty of our customers and are always looking to innovate in such a way that we can give something back of real value to our growing active user base.”
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.
*This is the estimated annual staking reward for staked tokens. As described in our FAQs, in order to minimize the risk that staking will impact your ability to withdraw tokens, Bitfinex will only stake a portion of the total number of tokens it holds.
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. Visit Bitfinex to learn more.
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