London-based crypto money and banking services provider Revolut is starting to offer crypto money staking services to its customers in the UK and the European Economic Area (EEA).
According to a report by financial technology news agency AltFi, Revolut United Kingdom And European Economic Areaaround the world, including to 25 million customers This week, it starts offering crypto staking services.
The digital bank, in the first place, Polkadot (DOT), Tezos (XTZ), Cardano (ADA) And Ethereum (ETH) for 11.65% staking will provide revenue service.
Revolut Offering crypto services since 2017 and gradually increased its services over time. While the bank initially only offered crypto trading services in 2021 started allowing customers to transfer their assets to wallets and platforms elsewhere. In October 2022, Revolut will allow customers to transfer their crypto using a debit card. allowing them to spend on their daily shopping added a feature.
With Ethereum’s transition to a proof-of-stake model, the interest of institutional investors in this area has increased exponentially. As you may recall, in the past few weeks CoinShares, one of the largest digital asset investment companies in Europe, announced that it will launch the world’s first crypto ETPs with staking rewards and low service fees.