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Bitbuy Broadens Staking Services to Include Cardano (ADA) as 42% of Active Users Embrace Crypto Staking
Toronto, Ontario--(Newsfile Corp. - June 2, 2023) - WonderFi Technologies Inc. (TSX: WNDR) (...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"Bitbuy Broadens Staking Services to Include Cardano (ADA) as 42% of Active Users Embrace Crypto StakingToronto, Ontario--(Newsfile Corp. - June 2, 2023) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the \"Company\" or \"WonderFi\"), through its subsidiary Bitbuy Technologies Inc. (\"Bitbuy\"), is excited to announce the addition of Cardano (ADA) to its on-chain staking offerings. Alongside Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Polkadot (DOT), the inclusion of Cardano (ADA) represents the most tokens available to be staked on any Canadian registered crypto-trading platform.Since its inception on November 28, 2022, Bitbuy Staking has experienced remarkable adoption from crypto investors with more than 42% of monthly active Bitbuy users currently engaging in crypto staking. The platform currently boasts substantial staking numbers, with approximately 17% of ETH, 43% of SOL, 56% of MATIC, and 54% of DOT client assets now being staked.\"We are excited to introduce Cardano staking to our platform, providing our valued users with an even greater selection of staking options,\" said WonderFi President and Interim CEO, Dean Skurka. \"Being one of only three registered platforms to offer staking, Bitbuy has seen a meteoric rise in investors looking to stake their crypto. In just the past two weeks alone we've seen a 15% increase in total Canadian dollars being staked. Further evidence that investors are looking for new and innovative ways to generate modern wealth.\" Bitbuy uses BitGo Trust Company, Inc. (\"BitGo\") to custody all staked assets at a 1:1 ratio. BitGo, one of the world's largest crypto custodians, has reported over $64 billion USD in assets under custody. Figment Inc. provides Bitbuy's clients with the ability to stake their assets with a trusted partner, boasting 200+ clients and billions of dollars of assets already staked to their validators.\"At BitGo, we are proud to support Bitbuy in offering on-chain staking of Cardano to further expand their staking offerings,\" said BitGo COO, Chan Feng. \"With our shared focus on security and commitment to compliance, we look forward to continuing our partnership with Bitbuy and working together to bring the benefits of crypto to a wider audience.\" To learn more about how you can earn up to 10% rewards just for staking your crypto, ...