eToro adds support for Cardano and Tron staking

eToro adds support for Cardano and Tron staking

Can You Stake On eToro? – Cardano ADA & Tron Crypto Coins 🚀🚀🚀

Contents

eToro adds support for Cardano and Tron staking
CONTENT

  • Merchant platform adds staking service for ADA and TRX tokens

  • In the future, it is planned to expand the list of tokens for staking

  • Binance ditches flexible staking

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EToro couldn’t stay away from hype around DeFiDecentralized finance (DeFi) – this is financial services, technology-based blockchain that offer users access to open, efficient and … More and added support for staking Cardano (ADA) and Tron (TRX) tokens

eToro adds support for Cardano and Tron staking

The eToro trading platform, with offices in Cyprus and the UK, has announced that it has become one of the first exchanges to support Cardano altcoin staking. Crypto community members welcomed the company’s decision, including Tron founder Justin Sun.

eToro adds support for Cardano and Tron staking

Source: Twitter

One Twitter user wondered when the ability to stake other cryptocurrencies, including Tezos (XTZ), would be added, to which eToro responded:

We are working on a plan that will ensure the expansion of the list of cryptocurrencies for staking in the future..

EToro CEO Yoni Assiya noted in an interview with Forbes that Tezos is the next token in line. As the use of cryptocurrencies increases, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More for the staking service alongside NEO and EOS, and added:

We are proud to be one of the first regulated platforms to offer Cardano staking services to our clients, and we will continue to work in this direction in the coming months..

Waiting for Ethereum 2.0

Yoni Assia also emphasized that eToro is preparing for the long-awaited Ethereum 2.0 launch and migration to the POS chain:

We are working with members of the Ethereum community to promptly offer ETH2.0 staking when the updated version moves to “proof of ownership”.

EToro’s staking service will pay payments on a monthly basis, which is becoming a trend lately due to the high gas fees on the Ethereum network, not to mention the time it takes to confirm the transaction..

EToro users in the United States, Britain or Europe who are ADA or TRX holders can use the betting platform service and receive a reward for it, and part of the profit will go to the exchange balance as a commission.

Source: eToro

Binance changes policy

On the same day that eToro broke into the staking world, another crypto exchange, Binance, took a step back by announcing the end of its flexible staking service on October 1. Recall that the other day, the Binance Exchange, whose website was included in the list of prohibited in Russia, for the first time introduced a new token on two sites at once.

Exchange users did not hide their disappointment with this decision:

Source: Twitter

Binance promised to complete payments by October 20. These diverging trends serve as a reminder that the decentralized finance industry remains an experimental state of the art, where the rules of the game change almost every day..

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