eToro has launched crypto staking for its US users, giving clients the ability to earn monthly rewards on select tokens. The program reportedly starts with Ethereum (ETH), Cardano (ADA), and Solana (SOL), with plans to add more assets later.

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Aiming to Simplify Crypto Staking

According to the company, the feature allows customers to stake eligible crypto while maintaining control of their holdings. It expects to broaden the program to include additional cryptoassets in the future, building on its US digital asset offering.

Commenting about the move, Andrew McCormick, the Head of eToro US, said: “eToro has simplified the staking experience for retail investors so they can enjoy monthly rewards without added complications.”

“We are excited to launch staking with three significant assets and look forward to contributing to these networks as an organization and through our US community.”

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Expect ongoing updates as this story evolves.

Source: Finance Magnates