Crypto.com Launches On-Chain Staking Feature, Allowing Users to Earn Rewards and Support Projects

Key Highlights

• Crypto.com has introduced on-chain staking in its mobile app, allowing users in select markets to support projects they believe in while earning rewards.
• The Crypto.com App will offer on-chain staking for Ethereum (ETH), Solana (SOL), and Polkadot (DOT) blockchains, with plans to expand to more protocols in the future.

One of the world’s leading cryptocurrency platforms, Crypto.com has announced the launch of its much-anticipated on-chain staking feature. This latest addition to the Crypto.com App empowers users to actively support their preferred projects while earning attractive rewards.

Apparently, staking has emerged as a popular trend in the cryptocurrency world, allowing users to participate in Proof of Stake (PoS) networks by locking up their tokens to help secure the network. Typically, stakers join staking pools operated by validators who verify transactions and add them to the network. In return, they receive rewards in the form of newly minted tokens, with validators distributing the rewards proportionally after deducting their fees.

With more than 80 million users globally, Crypto.com has established itself as a leader in regulatory compliance, security certifications, and comprehensive insurance coverage, offering users peace of mind in their cryptocurrency transactions. Through the Crypto.com App, users can buy and sell over 250 cryptocurrencies using 20 fiat currencies, utilizing bank transfers or credit/debit cards.

Crypto.com to Enhance Users Staking Experience 

Thus, the introduction of on-chain staking within the Crypto.com App brings numerous benefits to users. It enables them to seamlessly put their idle assets to work and receive rewards on a daily basis. Unlike traditional staking platforms that often impose lockup periods, Crypto.com provides flexibility by allowing users to stake or unstake their assets at any time. For the initial launch, the Ethereum (ETH), Solana (SOL), and Polkadot (DOT) blockchains will be available, with plans to expand to more protocols in the near future.

To get started with on-chain staking, users simply need to follow a few straightforward steps outlined in the Crypto.com App’s FAQ section. This user-friendly approach ensures that both newcomers and experienced cryptocurrency enthusiasts can easily tap into the benefits of on-chain staking.

The availability of on-chain staking on the Crypto.com App is a significant milestone that aligns with the platform’s commitment to enhancing user experiences and providing innovative features. By offering a seamless and rewarding staking experience, Crypto.com continues to strengthen its position as a leading player in the cryptocurrency market. Furthermore, as on-chain staking becomes accessible to users globally, the Crypto.com community eagerly awaits further updates and expansion plans. This is because the platform has revealed keen interest and potential to continue to revolutionize the way users engage with and benefit from cryptocurrencies.