BISTAMP starts staking offer for US customers

BISTAMP starts staking offer for US customers

Bobby Zagotta from Bitstamp
  • The CEO of Exchange's CEO says that investors look beyond the traditional financial ecosystem in view of the high inflation
  • Bitstamp plans to enable users to stak other assets in the coming months

The cryptocurrency exchange BITSTAMP has introduced a staking offer for its US private customers and institutional customers, since investors are looking for alternatives in the middle of inflation and low returns.

About Bitstamp Earn of the company can participate in the securing of the Ethereum and Algorand networks and earn staking premiums of up to 5 % per year. BISTAMP plans to introduce support for the staking of other assets in the coming months.

customers can use the Ether (Eth) or Algorand (Algo), which they already own, use, or buy new assets.

Bobby Zagotta, CEO of the US business of BITSTAMP, said the record-high inflation caused a number of Americans to delay retirement, and found that more and more people are beginning to look beyond the traditional financial ecosystem. He quoted a corporate survey that shows that 76 % of private investors are “enthusiastic” that crypto is very important to reach the mainstream.

"Staking offers customers a way to have their cryptos work hard for them while diversifying their portfolios and strengthening," Zagotta told Blockworks.

The survey showed that 80 % of institutional investors assume that Krypto will overtake traditional financial products within a decade. More than half of private investors stated that they assume that cryptocurrencies will overtake traditional currencies in the same period.

The start takes place before the long-awaited fusion of Ethereum from a proof-of-work blockchain to a proof-of-stake network.

The proportion of ETH in the worldwide assets of Bitstamp has increased by 70 % since January 2021. The crypto exchange also reports on a trend that more crypto first buyers in the USA buy compared to Bitcoin ether.

of BISTAMPS users worldwide is the highest staking acceptance for customers between 45 and 50 years of prompt that have more than 30 % of their ETH.

crypto exchanges have introduced staking offers in recent years, including octopuses that have acquired the staking platform last December to expand the number of supported networks and an alternative to enable existing staking service of the company with custody.

The average staking return rose from quarter to quarter by 11 % to 15.4 %, according to a report published in April by Staked. The annualized staking rewards reached an all-time high of almost $ 15 billion in the first three months of 2022, Staked stated that an increase of 57 % compared to the first quarter of 2021.


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The contribution Bitstamp starts Staking offer for US customers is not a financial advice.