eToro Now Providing Staking Rewards for Ethereum (ETH)

eToro Now Providing Staking Rewards for Ethereum (ETH)

ADVERTISEMENT googletag.cmd.push(function() { googletag.display(‘dailyhodl.com_mpu’); }); OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES As of today, eToro users can get monthly staking rewards on Ethereum (ETH), with the first wave of staking rewards to be distributed in June.

eToro is one of the few globally regulated platforms to enable its 20 million registered users the ability to stake their ETH using the eToro wallet, ahead of the highly anticipated blockchain network upgrade to Ethereum 2.0.

ETH 2.0 staking on eToro is, as always, an innovation with benefits for holders of the Ethereum token. The purpose of the staking of ETH is to help support the ETH 2.0 upgrade, which is expected to improve ETH network efficiency.

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This is eToro’s latest addition to its crypto offering, having launched its staking service in October 2020 for Cardano (ADA) and TRON (TRX).

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