HitBTC, the popular bitcoin and crypto exchange, today announced that its long-awaited staking feature is now available to all exchange users.
Staking is the process of holding cryptocurrency to verify transactions and support the operations of a proof-of-stake blockchain network. Simply, staking is the act of holding cryptocurrencies to receive rewards and the payout frequency depends on the coin or token.
In order to bet on HitBTC, users need to complete account verification and enable 2FA.
The initial coins and tokens available for staking include:
| Token/Coins | Is. Annual return | Payment frequency |
| PRIVATE INITIATIVE (PVM) | 7.99% | 1 month |
| Alchimix (ALCX) | 20% | One day |
| dYdX (DYDX) | 15% | One day |
| Huobi BTC (HBTC) | 1% | One day |
| Ontology (ONT) | 15% | One day |
| Synthetix Network (SNX) | 1.5% | One day |
| TerraUSD (UST) | 11-16.5% | One day |
| GLEEC (GLEEC) | 7.77% | 1 week |
| IQeon (IQN) | 5% | 1 week |
Source:
hitbtc.com/staking
hitbtc.com/staking
