Bitcoin
$ 59,603
Ethereum
$ 2,146.3
Litecoin
$ 248.94
okex ads

Crypto Custodian BitGo Launches Staking Platform

Cryptocurrency custodian BitGo has ventured into the staking space, supporting two tokens initially – Dash (DASH) and Algorand (ALGO).

Join the fastest growing network on Telegram

The new service means BitGo’s clients can now stake the two tokens and earn passive income in the range of 7-13% p.a., according to a press release.

“Staking provides our clients with returns on their investments without ever moving their assets out of custody,” said Ben Chan, chief technology officer of BitGo.

The firm has also acquired staking infrastructure startup Hedge. BitGo said it has integrated Hedge’s automated secure deployments, hardware security modules (HSMs) and secure cryptographic enclaves, to its staking platform.

The acquisition will help BitGo deliver “an automated, end-to-end” staking service, said Chan.

Last month, cryptocurrency exchange Binance also launched its staking platform with the support of eight coins, including ALGO.  It recently added support for TRON token as well for the platform. 

About the author

A Nice Man

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Dubai financial regulator suggests security token regulation
April 11, 2021By
Jamaica, Ireland firm partner to test CBDC project in 2021
April 11, 2021By
Techemynt launches first New Zealand dollar stablecoin
April 11, 2021By

Advertisement

Video Posts

In
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210
In
Tech Adoption For Small Business
April 6, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin59,603 0.16 % 1.22 % 4.46 %
Ethereum2,146.3 0.10 % 2.31 % 6.43 %
Binance Coin502.93 0.41 % 7.01 % 56.90 %
Tether0.9993 0.08 % 0.15 % 0.13 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.270 0.60 % 5.90 % 9.30 %
XRP1.400 0.64 % 9.58 % 142.06 %
Uniswap30.32 0.03 % 2.81 % 2.74 %
Litecoin248.94 0.59 % 3.37 % 27.19 %
Chainlink33.75 0.09 % 7.52 % 15.13 %