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Cardano (ADA), Tezos (XTZ) Staking Enabled by Digital Bank Revolut: Details

Wed, 02/08/2023 - 15:18
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Tomiwabold Olajide
Cardano and Tezos staking currently supported by several platforms
Cardano (ADA), Tezos (XTZ) Staking Enabled by Digital Bank Revolut: Details
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Revolut, a neo-banking platform with headquarters in the United Kingdom and 25 million users worldwide, has announced the availability of its crypto staking service for four proof-of-stake (PoS) cryptocurrencies, including Cardano and Tezos.

With rates as high as 11.65% APY, Revolut will offer staking of the following crypto assets: Cardano (ADA), Tezos (XTZ), Polkadot (DOT) and Ethereum (ETH).

Customers in the United Kingdom and the European Economic Area (EEA) will be the first to benefit from the new cryptocurrency staking service.

Revolut has been integrating cryptocurrency into its services over the past few years. It started providing cryptocurrency trading services in 2017. Revolut now allows its users to make purchases using their crypto holdings and facilitates trading for almost 100 different crypto assets.

In 2021, the bank also began enabling users to transfer their assets to other wallets and platforms. Customers are also able to use their cryptocurrency on routine transactions with a debit card, thanks to a feature Revolut launched in October 2022.

The Financial Conduct Authority permitted it to provide cryptocurrency services last year, in 2022.

Cardano (ADA) Staking Now Supported by Trust Wallet

Cardano and Tezos staking is currently supported by several platforms. Trust Wallet, a noncustodial mobile cryptocurrency wallet, announced in December that it now supports Cardano (ADA) staking.

Support for Cardano (ADA) and Tezos (XTZ) staking has been announced by Binance.US, a subsidiary of the leading cryptocurrency exchange, Binance.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.