Continuing its bid to push deeper into the US market, Luxembourg-based Bitstamp has announced a special Earn product for American investors. The product, which is already available in non-US countries, acts as a turnkey Ethereum (ETH) and Algorand (ALGO) staking solution, allowing investors to collect rewards upon staking these tokens.
In return, they must pay a fee to Bitstamp on the yield they earn. The yields, however, are not generated through lending as is common with other high-interest crypto accounts. It is a protocol-driven set of rewards instead.
Your capital is at risk.
Bitstamp Trajectory: A Slow But Steady Rise
Bitstamp is one of the industry’s most well-known cryptocurrency exchanges. Bitstamp is particularly well-known since it allows you to buy cryptocurrencies with fiat currencies like the US dollar and the Euro.
Although the platform was designed with European clients in mind, it currently serves clients all around … Read more