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Bitbuy Launches Cosmos (ATOM) and NEAR Staking, WonderFi Announces September Investor Events
51% of active Bitbuy users now stake their crypto Toronto, Ontario--(Newsfile Corp. - September ...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"Bitbuy Launches Cosmos (ATOM) and NEAR Staking, WonderFi Announces September Investor Events51% of active Bitbuy users now stake their cryptoToronto, Ontario--(Newsfile Corp. - September 5, 2023) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the \"Company\" or \"WonderFi\"), is excited to announce that its wholly-owned subsidiary Bitbuy is the first registered Canadian crypto-trading platform to offer on-chain staking for Cosmos (ATOM) and NEAR. The addition of these digital assets to Bitbuy's Ethereum (ETH), Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Cardano (ADA) staking offering represents the largest selection of digital assets for staking on any registered crypto-trading platform in Canada. Staking involves temporarily locking up a specified amount of cryptocurrency, which serves as a \"stake\" or collateral. In exchange for this stake, participants have the opportunity to receive rewards in the form of additional crypto tokens, making staking an increasingly popular avenue for generating passive income amongst crypto investors.Bitbuy is one of only three crypto-trading platforms in Canada providing regulated staking. In the 9 months since its release, Bitbuy Staking has garnered remarkable traction within the crypto investment community, with a substantial 51% of Bitbuy's monthly active users currently participating in crypto staking.\"Staking has become a vital part of the everyday crypto investor's portfolio. In 2023 alone, Bitbuy has seen a 450% increase in the total dollar amount staked,\" said WonderFi Chief Executive Officer and President, Dean Skurka. \"We are excited to be the first registered crypto-trading platform in Canada to introduce ATOM and NEAR staking. This further extends Bitbuy's leadership position as the largest regulated platform for Canadian investors looking to stake their crypto and earn rewards.\"To commemorate the launch, Bitbuy users will have the opportunity to stake ATOM at an exclusive limited-time annualized reward rate of 17% and NEAR at 8%.Bitbuy uses BitGo Trust Company, Inc. (\"BitGo\") to custody all staked assets. BitGo is trusted by 1500+ clients globally in over 50 countries securing assets for over 100 million users.\"We are proud to partner with a recognized crypto leader in Canada,\" commented BitGo COO, Chen Fang. \"With both parties sharing a st...