Crypto enthusiasts in the UK will now have the ability to participate in staking through a reputable and regulated exchange following the latest expansion by crypto exchange, Bitstamp, in the country.
Staking allows crypto holders to support operations on a Proof-of-Stake (PoS) network by delegating their crypto to a staking node operator that validates transactions on the network. The new offering from Bitstamp, Bitstamp Earn Staking, will allow UK consumers to maintain ownership of their crypto assets whilst gaining the opportunity to diversify their crypto strategy and earn additional income on digital assets.
Bitstamp will offer flexible staking periods, ensuring that customers are not locked in, with potential returns at up to 3.10 per cent APY on Ethereum (ETH) and one per cent APY on Cardano (ADA). Rewards will be paid out on a weekly or monthly basis, depending on the asset.
Following the UK Government’s decision in January 2025 to exclude staking from the collective investment scheme (CIS) regulation, UK customers will now be able to stake Ethereum (ETH) directly from their Bitstamp accounts with just a few taps through the Bitstamp Earn programme. Customers depositing Cardano (ADA) in their Bitstamp Earn accounts will automatically benefit from staking.
This is not compulsory though. Should a customer wish to opt out of Cardano (ADA) staking, they can do so online.
Bitstamp does not impose any lock-up periods or conditions for staking independently from the protocol, but lock-up periods and conditions may apply depending on the PoS network, as well as staking commission fees.
“The evolving UK crypto regulations are designed to foster innovation while safeguarding consumers—a balance Bitstamp has championed from day one,” said James Sullivan, group general counsel at Bitstamp. “Our new staking service offers UK customers a reliable, compliant way to earn up to 3.1 per cent APY, demonstrating how regulatory clarity can drive responsible innovation.”
Source: https://thefintechtimes.com/
