Revolut to roll out staking services for UK and EEA clients

Revolut will add support for staking Polkadot, Tezos, Cardano, and Ethereum tokens later this week.
Dot
February 7, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Nikolay Storonsky; Photo Source: African Eye Report

Digital bank Revolut will release its staking product for users residing in the UK and the European Economic Area later this week.

According to crypto news organization AltFi, Revolut will add support for staking Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH) assets. The yield rates for these tokens will vary between 2.99% and 11.65%. However, the rates are not guaranteed and may vary once Revolut rolls out the service.



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At present, Revolut offers trading services for 95 cryptocurrencies. The digital bank also supports other investment options, including companies’ shares and commodities such as gold and silver.   

Last week, Revolut revealed its plans to create 1,700 jobs, having doubled in size over 2022. The digital bank made the announcement at a time when mass layoffs are rampant in the crypto industry.  

Revolut to roll out staking services for UK and EEA clients

HomeCrypto staking
Contents
Nikolay Storonsky; Photo Source: African Eye Report

Digital bank Revolut will release its staking product for users residing in the UK and the European Economic Area later this week.

According to crypto news organization AltFi, Revolut will add support for staking Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH) assets. The yield rates for these tokens will vary between 2.99% and 11.65%. However, the rates are not guaranteed and may vary once Revolut rolls out the service.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


At present, Revolut offers trading services for 95 cryptocurrencies. The digital bank also supports other investment options, including companies’ shares and commodities such as gold and silver.   

Last week, Revolut revealed its plans to create 1,700 jobs, having doubled in size over 2022. The digital bank made the announcement at a time when mass layoffs are rampant in the crypto industry.  

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

Digital bank Revolut will release its staking product for users residing in the UK and the European Economic Area later this week.

According to crypto news organization AltFi, Revolut will add support for staking Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH) assets. The yield rates for these tokens will vary between 2.99% and 11.65%. However, the rates are not guaranteed and may vary once Revolut rolls out the service.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


At present, Revolut offers trading services for 95 cryptocurrencies. The digital bank also supports other investment options, including companies’ shares and commodities such as gold and silver.   

Last week, Revolut revealed its plans to create 1,700 jobs, having doubled in size over 2022. The digital bank made the announcement at a time when mass layoffs are rampant in the crypto industry.  

Written by
Ayush Pande