Cosmos Crypto News- eToro Staking Program Expands
Cosmos Crypto News– eToro, a leading social trading platform, has expanded its crypto staking offerings by adding two popular blockchain assets, Polkadot (DOT) and Cosmos (ATOM), to its staking program. This move aims to provide users with more opportunities to earn passive income while participating in the blockchain ecosystem. According to the company’s official announcement, the platform’s staking portfolio now includes well-known assets such as Solana, Ethereum, and Cardano, alongside the new additions.
The decision comes amid growing market volatility caused by recent trade tariffs imposed by former U.S. President Donald Trump. Despite market uncertainties, the addition of Polkadot (DOT) and Cosmos highlights eToro’s commitment to offering diverse opportunities to its user base.
Polkadot (DOT), currently ranked #20 on CoinMarketCap, has a market capitalization of $6 billion, though it has experienced a 6% decline in the past week. Cosmos (ATOM), on the other hand, is ranked #47 with a market cap of $1.6 billion, and has seen a 2% decrease in the past 24 hours, as well as a 9% drop over the past week. Both blockchain projects are designed to enhance the functionality of decentralized networks by simplifying blockchain technology and enabling interoperability across various blockchains.
The expansion of staking options for Polkadot (DOT) and Cosmos on eToro reflects the growing demand for blockchain participation and network support. This move aligns with the increasing interest in crypto assets, driven by a surge in demand for decentralized financial solutions.
Why Crypto Staking is Gaining Popularity
The rise in interest surrounding cryptocurrency and blockchain technology has paved the way for more users to engage with digital assets and earn passive rewards. As eToro’s Director of Crypto Desk, Adi Lasker Gattegno, shared, “With growing interest in crypto, we remain committed to providing users with more opportunities to engage with digital assets and participate in the blockchain ecosystem.”
In December, eToro successfully launched staking options for NEAR Protocol and Polkadot (DOT), and the addition of Polkadot and Cosmos now offers users even more opportunities for rewards. As blockchain technology continues to evolve, eToro’s proactive approach to adding new staking assets has positioned the platform as a key player in the crypto space.
The staking process allows users to lock their crypto assets to support network operations, such as validating transactions, in exchange for rewards. eToro provides a transparent and secure environment for users to participate in staking. Rewards are structured based on users’ eToro Club tier, with eligible users earning between 45% and 90% of the staking yield. eToro retains a percentage to cover the operational and technical costs associated with securing the staking process.
The system is designed to offer both flexibility and security, ensuring users can access passive rewards without sacrificing their investment safety. Additionally, staking rewards are updated monthly via email, providing users with transparency on their earnings.
Participation Requirements and Regional Availability
To participate in eToro’s staking program, users must reside in regions where staking is permitted. Moreover, users must hold their positions for a set period of “intro days” to qualify for staking rewards. This ensures that participants are fully committed to the staking process and can receive consistent returns over time.
eToro’s staking services aim to provide users with the opportunity to diversify their investments while taking advantage of the passive income offered by blockchain networks. The flexibility in the staking structure and clear communication of rewards ensures that users can easily track and manage their crypto investments.
The expansion of staking offerings for Polkadot (DOT) and Cosmos is just one example of eToro’s broader strategy to innovate and expand its services. Last month, eToro also announced its plans to launch options trading for non-U.S. users later this year. This move is part of a larger strategy to enhance the platform’s service offerings and increase its revenue sources.
According to eToro’s filing with the U.S. Securities and Exchange Commission (SEC), the platform aims to expand existing recurring revenue sources such as staking and introduce new services like securities lending, subscription services, new asset classes, and geographical expansion. This expansion is designed to increase eToro’s market reach and attract a broader customer base.
“We also plan to expand existing recurring revenue sources, such as staking, and introduce new sources such as securities lending, subscription services, new asset classes, geographies, and products,” eToro stated in its F-1 prospectus.
The Future of Crypto Staking and eToro’s Role
The inclusion of Polkadot and Cosmos into eToro’s staking program marks a key moment in the platform’s development, as the company continues to adapt to the evolving cryptocurrency landscape. By offering a wider range of assets for staking, eToro is positioning itself as a go-to platform for users looking to passively earn rewards through blockchain participation.
As blockchain technology continues to advance, staking has become a central method for users to engage with decentralized networks and contribute to their growth. For eToro, the addition of Polkadot and Cosmos further strengthens its role in the crypto space, providing users with more ways to diversify their portfolios and take advantage of the passive income opportunities presented by the growing blockchain ecosystem.
In summary, eToro’s expansion of its staking offerings demonstrates the platform’s commitment to providing users with greater access to blockchain-based rewards. As the crypto industry continues to evolve, eToro’s strategic decisions will likely have a significant impact on the platform’s future growth and success in the digital asset space.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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