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

2020-10-3 09:36

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.

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.

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.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Breakout Stake (BRX) на Currencies.ru

$ 0.0275942 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -25.27 %
Cегодня L: $0.0275942 - H: $0.0275942
Капитализация $172.963k Rank 99999
Доступно / Всего 6.268m BRX

etoro trading platform tron stake cardano

etoro trading → Результатов: 126


Фото:

eToro Domination Continues With Potential London Trading Desk

eToro is a cryptocurrency platform that seems to be expanding at an alarming rate. eToro news is rife and the company seems to be constantly hitting the headlines for all the right reasons. Next up, recent reports state that eToro are looking to open a physical cryptocurrency trading desk in London, in a move that would surely cement eToro’s reputation in the capital and would give a whole host of new customers, access to the growing eToro platform.

2018-6-18 13:00


Фото:

Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview)

Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users. Greenspan keeps a close eye on cryptocurrency markets and shares his thoughts on the recent Bitcoin price plunge and why he believes this current downtrend nothing out of the ordinary.

2018-6-15 03:00