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Bitfinex Announces Polkadot (DOT) Staking Rewards Next to ADA, EOS and ATOM

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Fri, 16/10/2020 - 14:11
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Bitfinex Announces Polkadot (DOT) Staking Rewards Next to ADA, EOS and ATOM
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In a press-release shared with U.Today, the major Bitfinex exchange spread the word about adding staking rewards for Polkadot  (DOT) network. This open-source platform ensures interoperability between multiple chains.

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DOT has been added to a group of coins that were listed for staking on Bitfinex earlier - ADA, ATOM, VSYS, EOS and XTZ.

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Staking allows users to earn more profits using their crypto holdings – Bitfinex offers 14 percent annually for holding their DOT coins for them.

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The CTO of the exchange, Paolo Ardoino, said that Bitfinex is pleased to enable its users to increase their crypto wealth by helping to create an open financial system.

Bitfinex in-house custody service will ensure that staked coins are safe and sound. Coins will not be leaving Bitfinex for third-party custodians.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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