Nearly 100 cryptocurrencies are now available through the digital bank. Staking is initially restricted to the Polkadot, Ethereum (ETH), Tezos(XTZ) and Cardanos (ADA). The yields are expected to be between 11.65% and 2.99%, but they are not guaranteed.
Crypto staking refers to when a crypto holder, who keeps it in their wallet, lends their assets for a period of time to support the security and operation a blockchain network.
Additional profit is earned by the staker in the form interest.
Meanwhile, Revolut gained a CySEC approval to offer crypto services in Europe in August last year.
LeapRate’s first article was Revolut to Offer Crypto Staking in Europe and the UK