Starting October 1, eToro users can earn monthly staking rewards on Cardano (ADA) and Tron (TRX), with the first wave of staking rewards to be distributed in November.
With staking on eToro, you can now grow your crypto portfolio just by owning crypto.
What does staking mean?
Staking with eToro is a process that allows users who own and hold supported cryptoassets to earn more crypto – just for holding them. eToro executes the staking process on behalf of its users. Rewards are earned in the same cryptoasset that was staked, kind of like earning interest. This means if you stake ADA, you’ll be earning your rewards in ADA.
Staking With eToro — How You Benefit
Staking with eToro is simple, secure and hassle-free. Staking rewards are paid out to users every month, in ADA or TRX, with no action at all required on their part.
eToro securely executes the entire staking procedure for its users. The staked cryptoassets remain the property of the user during the entire process.
eToro takes great care to protect our users’ cryptoassets against exposure to any additional risks, sparing them the hassle and complication of staking on their own. In return, eToro retains a small percentage of the yield to cover the various operational, technical, and legal costs involved.