Cryptocurrency exchange CoinEx has launched a staking service. Company representatives told Incrypted about this.
Currently, users can stake Ethereum coins at 1.19% per annum. The minimum deposit amount is 0.01 ETH.
The team noted that the annual staking rate of return is determined by the total number of assets locked in the blockchain. The press release said that number will fluctuate. CoinEx also noted that in the future they will add more assets that can be sent for staking.
Additionally, the statement said the new service provides a way for users to easily start generating income online and cater to clients' various investment needs.
“With CoinEx, users can easily stake Ethereum in one click, simplifying the complex process of participating in the Ethereum network. […] Staking on CoinEx allows investors to participate in maintaining the security of the blockchain and receive rewards without sacrificing asset liquidity,” CoinEx said.
To enter the staking page, users can go to the official CoinEx website, select the "Finance" section in the top navigation bar and select "Staking".
Among the many financial products on the crypto market, staking is popular among investors due to its stable profitability, CoinEx noted.
The company explained that staking usually refers to the blocking or delegation of their coins by cryptocurrency owners, which helps maintain the security and decentralization of the network.
“In exchange for the resources provided, users can receive new cryptocurrencies or transaction fees as rewards. Crypto investors prefer staking services mainly due to the relatively low barriers to entry into the market and the relatively low level of risk. Clients can maintain asset liquidity while simultaneously receiving additional income on the blockchain,” CoinEx said.
Additionally, the team explained that as a hub for asset liquidity, exchanges have a natural advantage in organizing staking services. Platforms can provide a seamless and efficient staking experience through asset management mechanisms and streamlined user experience design.
CoinEx added that exchanges that implement staking can offer their users a more secure, convenient and efficient way to value assets. Support for these types of products by trading platforms will further reduce barriers for users, allowing even novice investors to reduce online complexity and gas costs, the press release said.
“The launch of the service on CoinEx not only makes it easier for investors to participate in staking, but also reflects the platform's long-standing user-first philosophy and ongoing focus on user needs. CoinEx pays attention to crypto market trends, focusing on user needs and experiences, and is committed to launching more diversified products to further enhance customers' investment experience,” the company said.
CoinEx not only becomes a reliable platform for trading crypto assets for users, but also opens a new investment portal that allows everyone to make progress in the cryptocurrency world and understand how to effectively evaluate assets, the company concluded.
