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George Ma
in
Crypto
April 8 13:39

Bitfinex exchange has added stacking option

At the moment EOS, Atom from Cosmos, VSYS and platform V Systems token are available for stacking.
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Bitfinex cryptocurrency exchange reported the launch of a passive earning program through stacking. At the moment EOS, Atom from Cosmos, VSYS and platform V Systems token are available for stacking.

Stacking is another opportunity to earn on cryptocurrencies in addition to trading. According to Bitfinex director Paolo Ardoino, for VSYS token the annual yield may reach 10%, for other cryptocurrencies this figure is between 1.5% and 8%.
He also added that EOS was chosen because 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 stacking.
To earn rewards, users do not need to perform any additional actions - coins that are on their users' wallets will be used. Bitfinex exchange will provide their storage through its own custodial solution.
In March Bitfinex delisted 87 trading pairs due to their low liquidity.