Digital asset trading platform Bitfinex has launched a Staking Rewards Program that allows users to earn rewards by holding funds on the exchange.Bitfinex clients can earn staking rewards as high as 10 per cent per year by depositing and holding digital tokens on Bitfinex. Tokens available for staking rewards include EOS, Cosmos (ATOM) and v.systems (VSYS). The staked digital assets will be held safely, utilising 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,” says 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 five-times leverage. The exchange also offers users access to a perpetual swap contract offering 100-times leverage through its affiliate, iFinex Financial Technologies Limited.
