Bitfinex Launches Staking Rewards for Polkadot (DOT)

CryptoMode Polkadot

ROAD TOWN, British Virgin Islands, October 16, 2020 1: 30 PM UTC – Bitfinex, a state-of-the-art digital tokens trading platform, has announced staking rewards for Polkadot (DOT), the native token powering Polkadot, an open-source project enabling interoperability between different blockchains.

DOT joins a suite of tokens available for staking on the Bitfinex platform , that includes Cardano (ADA) , EOS (EOS), Cosmos (ATOM), v. systems (VSYS) and Tezos (XTZ).  

Designed to provide users with another avenue to increase the value of their holdings, staking will enable Bitfinex customers to earn benefits as high as 14%* per year by depositing and holding DOT tokens.

“We’re pleased to provide our customers with the opportunity to earn advantages on their DOT assets, ” said Paolo Ardoino, CTO at Bitfinex. “Staking provides an accessible and straightforward way for our users to grow their crypto wealth and forms part of our commitment to building an open financial system. ”

The staked digital tokens will be held around the Bitfinex platform, utilizing the particular exchange’s 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 and are in the same manner as other tokens.

Bitfinex is leveraging its position as a one-stop-shop for crypto trading, offering a variety of services, including margin trading with up to 5x leverage.

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About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for electronic tokens traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of electronic digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

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