Bitpanda launches automatic staking for 10 coins

May 16, 2022


Bitpanda launches automatic staking for 10 coins

Last Tuesday Bitpanda announced launching Bitpanda Staking, a highly anticipated feature allowing users to earn up to 27% APR on a selection of 10 crypto assets. The launch is combined with a 2x promotion where users can get double the rewards for staking their coins on Bitpanda - it will only last for a month, so make sure to be one of the early birds!

Staking is a process that allows you to participate in transaction validation on Proof of Stake blockchains - these include, for example, Tezos, Cosmos and Ethereum) which the coin holder will be rewarded for. Bitpanda's version of staking involves getting weekly rewards of up to 27% APR. Rewards are then staked automatically, so your investment can keep growing - this basically equates to having interest rate compound on your deposits.

Bitpanda is an "all-in-one" investment platform offering over 50 cryptocurrencies, multiple crypto indices, stocks, ETFs and precious metals. Founded in 2014, Bitpanda became not only Austria's first fintech unicorn (a start-up company valued at over €1 Billion), but also one of the fastest growing fintech companies in Europe. Today, Bitpanda (formerly known as Coinimal) claims to have over 3 million users and enjoys some positive customer feedback on review aggregators like Trustpilot (with an impressive average of 4,4 out of 5 stars).

Learn more by visiting the original source of information.


Related News

Fintech Compass logo

The information provided on this website does not, and is not intended to, constitute financial nor legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the website administration and its members do not recommend or endorse the contents of these third-party sites. Please refer to third party websites for actual pricing.