eToro, the global multi-asset trading platform with over 14 million users, has unveiled its staking service for Cardano (ADA) and TRON (TRX). This initiative allows users to earn passive income by holding these supported cryptocurrencies on the platform.
How eToro’s Staking Service Works
- Automated Rewards: Users holding ADA or TRX automatically receive monthly staking rewards in the same cryptocurrency, without manual intervention.
- Transparent Process: Detailed monthly emails break down reward calculations for each staked asset.
- Security Assurance: eToro manages all technical aspects, ensuring user assets remain secure and free from additional risks.
Yoni Assia, eToro CEO:
"Our goal is to offer market-competitive products. Being among the first regulated platforms to support Cardano staking aligns with our mission to simplify crypto investing."
👉 Explore eToro’s staking features
Supported Assets and Future Expansions
eToro plans to extend staking services to NEO, Tezos, EOS, and ETH 2.0, broadening opportunities for passive earnings.
Why Stake ADA and TRX?
- Cardano (ADA): A proof-of-stake blockchain offering scalable and sustainable staking rewards.
- TRON (TRX): High-throughput blockchain enabling decentralized applications (dApps) with competitive yield.
Justin Sun, TRON Founder:
"DeFi accessibility is crucial. eToro’s service demystifies staking for mainstream users."
FAQs
1. Is staking on eToro safe?
Yes. eToro adheres to strict regulatory standards, including oversight by the FCA (UK) and CySEC (EU).
2. How are rewards distributed?
Rewards are credited monthly in the staked asset (e.g., ADA or TRX) based on holdings.
3. Can I unstake my assets anytime?
Assets remain liquid; no lock-up periods apply.
4. What’s the minimum staking amount?
No minimum—rewards scale with holdings.
About eToro
Founded in 2007, eToro empowers users to trade stocks, commodities, and cryptoassets seamlessly. Its ecosystem includes:
- eToroX: A regulated crypto exchange.
- eToro Wallet: Secure storage for digital assets.
Disclaimer: eToro is regulated by CySEC, FCA, and ASIC. eToroX holds a DLT licence in Gibraltar.
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