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Following Robinhood Deal Announcement, Bitstamp Launches UK Staking for Ethereum and Cardano

financemagnates.com

1 day ago

Following Robinhood Deal Announcement, Bitstamp Launches UK Staking for Ethereum and Cardano

Bitstamp now offers its UK staking services for Ethereum (ETH) and Cardano (ADA) through its new Bitstamp Earn Staking service. UK Clarity Triggers Market Action According to the announcement, UK customers can stake ETH directly via their Bitstamp accounts. Staking will be enabled automatically for those who deposit ADA, though users can opt out if they choose. The question’s been answered. 🇬🇧 UK customers, you can stake $ETH and $ADA on Bitstamp!It’s simple, secure, and sorted in just a few taps.Keen to get started? Tap here: https://t.co/GKqJBruRtg pic.twitter.com/UsG3DukZij — Bitstamp UK (@BitstampUK) May 27, 2025 Bitstamp’s staking model mirrors the Proof-of-Stake (PoS) mechanism, where users delegate tokens to network validators and earn rewards in return. Returns stand at up to 3.10% APY for Ethereum and 1% for Cardano. The UK Treasury’s move in January 2025 removed longstanding legal uncertainty about staking. By excluding it from CIS regulations, officials effectively gave exchanges the approval to offer staking without jumping through the challenges tied to traditional fund management. Bitstamp plans to distribute rewards weekly or monthly, depending on the token. Importantly, Bitstamp itself imposes no lock-up periods, although staking networks may set their own terms and fees. UK’s Regulatory Changes This launch marks the first notable move by a major exchange to expand UK-based staking services in response to regulatory changes. It also reflects growing demand among retail and institutional clients for lower-risk ways to engage with digital assets. Expect ongoing updates as this story evolves.

https://www.financemagnates.com/cryptocurrency/following-robinhood-deal-announcement-bitstamp-launches-uk-staking-for-ethereum-and-cardano/?utm_source=CryptoNews&utm_medium=app