Among the many financial products in the crypto market, staking products are a favorite amongst investors due to their stable returns. Staking typically refers to the act of cryptocurrency holders locking or delegating their coins to the blockchain network, helping to maintain the security and decentralization of the network. In return for their contribution of resources, users can receive new cryptocurrencies issued or transaction fees as rewards. Crypto investors favor staking products mainly due to their relatively low entry barriers and as a comparatively low-risk income method. Investors can maintain asset liquidity while also earning additional on-chain income.
As a hub for asset liquidity, exchanges have a natural advantage in the layout of staking services. With flexible asset management mechanisms and optimized user interaction design, crypto exchanges can provide users with a convenient, efficient, and friendly staking experience. In addition, exchanges entering staking can offer their users a more secure, convenient, and efficient means of appreciating assets, owing to their advantages in asset liquidity, technical capabilities, user experience, and industry positioning. Notably, the support of staking products by trading platforms will further reduce the barriers for users, allowing even novice investors to alleviate the complexity of on-chain interactions and gas costs, without worrying about zero returns or penalties due to malicious validators.
The global cryptocurrency trading platform CoinEx recently announced the launch of a staking service, providing users with a new avenue to easily start earning on-chain revenue and meet the diversified investment needs of users. Through CoinEx, users can easily stake ETH with one click, simplifying the complex process of participating in the Ethereum network. As the largest smart contract platform globally, the network security of Ethereum is crucial to the entire blockchain ecosystem; staking ETH on CoinEx allows investors to participate in maintaining the security of Ethereum's network and earn rewards without sacrificing asset liquidity.
Currently, the details of the staking function supported by CoinEx are as follows:
1. Supported Coin
(Note: The Staking Annual Percentage Yield (APY) is determined by the total amount of tokens locked on the blockchain. This number will fluctuate based on changes in the on-chain quantity and is not calculated by the platform.)
2. How to Access
Users can go to the CoinEx official website (https://www.coinex.com/en), select the "Finance" section in the top navigation bar, and choose "Staking" to enter the staking page. In the future, CoinEx will add more types of token staking options to meet the needs of different users.
The launch of the staking service by CoinEx not only simplifies the process for investors to participate in staking but also reflects the platform's long-standing "user-first" service philosophy and continuous focus on user needs. As a leader among crypto trading platforms, CoinEx pays attention to both crypto market trends and popular tracks, always with user needs and experience as the guide, and is committed to launching more diversified product services to further enhance the investment experience of users and help them explore the unlimited possibilities of crypto asset trading. With a secure and stable trading environment and continuously improved product services, CoinEx not only becomes a trustworthy cryptocurrency trading platform for global users but also opens up a new investment portal, allowing every new finance enthusiast the opportunity to make steady progress in the crypto world and realize the effective appreciation of assets.
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