HitBTC, the popular bitcoin and crypto exchange platform, revealed today that its long-awaited staking function is now available for all exchange users.
Staking is the procedure of holding cryptocurrency to confirm deals and support the operations of a proof-of-stake blockchain network. Just, staking is the act of holding cryptocurrencies to get rewards and the payment frequency depends on the coin or token.
In order to have the ability to stake on HitBTC, users must finish account confirmation and make it possible for 2FA.
Staking is now readily available for HitBTC users. Initial coins and tokens offered for staking include:
|Token/ Сoins||Est. Yearly Yield||Payout Frequency|
|PRIVATEUM INITIATIVE (PVM)||7.99%||1 month|
|Alchemix (ALCX)||20%||1 day|
|dYdX (DYDX)||15%||1 day|
|Huobi BTC (HBTC)||1%||1 day|
|Ontology (ONT)||15%||1 day|
|Synthetix Network (SNX)||1.5%||1 day|
|TerraUSD (UST)||11-16.5%||1 day|
|GLEEC (GLEEC)||7.77%||1 week|
|IQeon (IQN)||5%||1 week|
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