Main navigation

Bitrue Raises Interest Rate on Polkadot Staking, Adds Cosmos Following VET and LINK

News
Mon, 01/11/2021 - 12:14
article image
Yuri Molchan
Major crypto exchange Bitrue adds DOT and ATOM staking with a high interest rate, following the addition of VET, ZIL and LINK to its staking program
Bitrue Raises Interest Rate on Polkadot Staking, Adds Cosmos Following VET and LINK
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents

As was shared with U.Today, major asset management company and trading platform Bitrue has recently added Polkadot's DOT to its staking program at a high interest rate and is about to add the native token of Cosmos (ATOM).

The latter will be added to the staking program in just two days.

ATOM
Image via Twitter

Bitrue adds DOT and ATOM with high APR

After adding DOT to its staking program with 7.3 percent APR on Jan. 6, the crypto exchange has announced the launch of ATOM staking at a 5.3 percent interest rate.

The latter will take off on Jan. 13. This has happened after three other popular altcoins had been added to staking: VET, ZIL and LINK. For a 30-day period of staking, these would bring their owners from seven to ten percent APR.

The press release states that these coins have been carefully chosen and proven to have great teams behind them, as well as high transparency. They have made great progress in achieving the goals set on their projects' road maps.

Related
Bitcoin ETF Approval in US Could Hurt BTC, JP Morgan Says, Here’s Why

Bitrue expands its investment service to over 30 coins

After launching its crypto investment program called Power Piggy in 2019, Bitrue has increased the amount of coins participating in the program up to more than 30 and expanded the range of investment options customers can use.

DeFi protocols have also been offered to the exchange's clients. For example, Bitcoin, Ethereum and options with other major cryptocurrencies can yield stakers as much as 16 percent APR.

Bitrue has been in the market since 2018, offering financial tools based on cryptocurrencies to a wide range of customers in multiple countries.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.