Cryptocurrency exchange Cryptohikes announced the launch of a passive earnings program on staking. Currently available for staking are EOS, Cosmos Atom and VSYS, the token of the V Systems platform. Cryptohikes CTO Paolo Ardoino also announced that Tezos will join the list in May.
“Over time, users will be able to earn from staking every token that Cryptohikes offers,” he added.
Staking is another opportunity to make money on cryptocurrencies in addition to trading. According to Ardoino, for the VSYS token, the annual return can be as high as 10%, for other cryptocurrencies, this figure is in the range between 1.5% and 8%.
He also added that the exchange chose EOS for the reason that it is one of the largest block producers in this network. Cosmos and V-Systems, in turn, are two of the most popular coins for staking.
To earn rewards, users do not need to perform any additional actions: coins from their user’s wallets will be used for staking. The Cryptohikes exchange will provide their storage with the help of its own custodian solution.
As a reminder, in March, Cryptohikes delisted 87 trading pairs due to their low liquidity.