Metex Traders launched the crypto feature, called Crypto Staking, giving users the ability to earn rewards by staking their assets in the platform.
United States, 1st Jan 2024, King NewsWire – Metex Traders has rolled out its new crypto feature to its customers, via the VIP platform to provide more frictionless crypto trading experiences
The world-leading, AI trading system platform, Metex Traders, has launched a new crypto feature which is available to its customers through the platform.
Metex Traders launched the crypto feature, called Crypto Staking, effectively taking another leap forward towards its mission to build the first trading platform for all-things-crypto, and is continuing to double-down on its promise to bring greater digital currency services to the investment space.
The company has been offering automated trading via four AI-based trading bots in almost 100 different crypto tokens and assets as well as having the option of trading in the spot market.
Metex Traders’ new Staking crypto feature further incentivises customers
According to reports, the new feature unlocks extra benefits for customers investing in crypto with Metex Traders, giving them the ability to earn rewards for specific tokens.
In a statement released by Metex Traders, a platform spokesperson said: “The rewards are granted in the native token and customers can either stake their existing crypto balances for these tokens or deposit and then stake the balance of one or more of the 13 available tokens. The reward is based on the balance they staked. There are no lock-up periods and you can instantly unstake at any time for free. The payout reward varies by token with customers able to earn up to 25% APY.”
What is crypto staking?
Crypto staking is when the holder of a cryptocurrency in a wallet lends their assets, for a certain period of time, to help support the security and operation of a blockchain network.
In return for their support, the ‘staker’ earns rewards in the form of newly minted tokens or a portion of transaction fees. This process helps secure the network.
For example, when a cryptocurrency allows staking — and not all do — you can “stake” some of your holdings and earn a percentage-rate reward over time. Popular stackable crypto assets include Ethereum, Tezos, Cosmos, Solana, and Cardano.
Is crypto staking safe?
Cryptocurrencies that allow staking use a ‘consensus mechanism’ called Proof of Stake. This is how they ensure all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process and it’s fully secure via the blockchain technology.
A secure crypto experience through Metex Traders’ trading platform
As Metex Traders has a robust reputation in the marketplace for innovative security, the new crypto feature has the potential to help build trust for customers within the digital currency space. The statement says: “staking is not only easy but also secure; funds are held with trusted custodians.”
Speaking about the new development, Daniel Langevin, Group Product Manager at Metex Traders, explained: “Last year, Metex Traders marked a number of important milestones such as the Metex Traders Card, which allows users to pay for everyday purchases from their crypto balance.”
He said that as 2024 unfolds, Metex Traders’ ambition is to concentrate on its efforts in 2023, with more product launches and international expansion. There are also plans to improve and innovate on existing crypto products to enable users to do more with their crypto, as well as earning rewards on their crypto through Staking.
Langevin added: “Crypto Staking is the first milestone on our 2024 roadmap and we’re really excited to help users put their crypto to work.”
Media Contact
Organization: Metex Traders
Contact Person: Daniel Langevin
Website: https://metextraders.com
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Country: United States
Release Id: 0101248579