Popular multi-asset trading platform eToro has just announced a new staking service.
According to the press release that was shared with iHodl, the company has just rolled out a staking service for Cardano (ADA) and TRON (TRX).
It must be noted eToro claims to be one of the first regulated platforms to allow ADA staking in the crypto community, while TRON staking is already offered by other platforms.
eToro's CEO and co-founder Yoni Assia said:
"eToro has a large and active crypto community and our goal is to ensure that we are always offering them the very best products and services. We are excited to launch our staking of Cardano and TRON, providing a highly market-competitive offering. We are proud to be one of the first regulated platforms to offer a staking service for Cardano and will be further expanding our staking service in the coming months."
Thanks to the addition of this new service, eToro users will be able to earn rewards for staking Cardano and TRON tokens, which will be paid out automatically every month.
Users will not have to take any action to receive their rewards, which will be more tokens of the same cryptos.
eToro has reported it plans to add staking support for more assets in the future, including NEO, Tezos, EOS and ETH 2.0.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.