Uphold Reintroduces Staking Rewards for U.S. Customers
Uphold, a leader in modern payment, banking, and investment infrastructure, has announced the much-anticipated relaunch of staking rewards for its customers in the U.S. This return marks an exciting moment for crypto enthusiasts who wish to earn rewards on their staked cryptocurrency holdings.
Competitive Rewards on Popular Cryptocurrencies
Beginning today, U.S. customers of Uphold can once again earn attractive rewards on popular cryptocurrencies including Ethereum, Solana, and NEAR. This initiative allows users to stake their assets and earn rewards wherever they are placed. With the reinstatement of staking features, Uphold is prepared to provide its users with numerous ways to earn on their investments.
A Robust Selection of On-Chain Assets
Uphold is now offering staking on a total of 19 distinct on-chain assets. This represents one of the highest numbers available in the industry and provides customers with the opportunity to diversify their portfolios while contributing to the governance of various blockchains. Customers will receive rewards on a weekly basis in the same cryptocurrency they staked, making it easier for them to manage their assets.
Understanding the Importance of Staking
Staked crypto holdings are crucial for maintaining the integrity of Proof-of-Stake blockchain protocols. By participating in staking, Uphold’s customers play an important role in validating transactions, enhancing security, and ensuring the proper functioning of the on-chain finance ecosystem. Uphold’s decision to reintroduce staking rewards underscores its commitment to delivering innovative and customer-centric financial services.
Voice of Leadership: Uphold’s CEO
Simon McLoughlin, the CEO of Uphold, shared his perspective on this important development, stating, “Staking is a vital part of blockchain governance and the on-chain economy. Users should absolutely be able to support this activity and earn from that support. And with the new blockchain-forward environment in the U.S., we’re delighted to offer staking services to our U.S. customers once again.” His comments reflect the company’s dedication to empowering users in the evolving landscape of cryptocurrency.
Expansion of Services to Other Regions
In a recent update, Uphold also announced that staking rewards had returned for its customers in the UK following amendments to the Financial Services and Markets Act. This expansion underlines Uphold’s commitment to offering globally competitive services, which align with regulatory developments in different jurisdictions.
Rewards Program Enhancements
Moreover, Uphold unveiled a new Rewards program late last year that allows users to earn rewards on stablecoins of up to 5.25%. The reintroduction of staking services in the U.S. pairs well with this program, enabling users to build and sustain their wealth.
How to Get Started with Staking
Customers interested in these exciting staking opportunities should update their Uphold app to access the newly reinstated staking functions. Those looking for more details regarding the staking offerings, including applicable terms and conditions, can visit the designated Uphold website directly.
About Uphold
Uphold operates as a forward-thinking financial technology company, focusing on on-chain services as the cornerstone of future finance. The platform uniquely provides a blend of consumer services, business services, and institutional trading, making advanced financial services accessible and reliable for millions of customers across over 140 countries.
With integrations across more than 30 trading venues, both centralized and decentralized, Uphold ensures excellent liquidity and optimal execution for its users. Notably, Uphold maintains a policy of never lending customer assets, ensuring that all holdings are always securely reserved. Uphold promotes radical transparency, publishing asset and liability data every 30 seconds to maintain trust and accountability.
Regulatory Compliance
Uphold operates under regulatory oversight in the U.S. by FinCEN and state regulators. The company is also registered with prominent financial authorities in the UK, Canada, and Europe, establishing a solid framework of compliance and security for its users. More information about Uphold’s wide range of products and services can be found on their official website.
Contact Information
For further inquiries, the representative contact for Uphold is:
Lauren Bukoskey
Senior PR Manager
lauren@serotonin.co
Frequently Asked Questions
What is staking in cryptocurrency?
Staking involves locking up a certain amount of cryptocurrency to support the operations of a blockchain network, allowing users to earn rewards for their participation.
Which cryptocurrencies can be staked on Uphold?
Uphold offers staking for a variety of on-chain assets, including major cryptocurrencies like Ethereum, Solana, and NEAR.
How are staking rewards distributed?
Staking rewards are typically distributed weekly and are paid in the same cryptocurrency that was originally staked.
Do customers in other regions have access to staking?
Yes, Uphold has recently reinstated staking for users in the UK and is continually expanding its services globally.
How can I start staking on Uphold?
To start staking, users should update their Uphold app and review the details of the staking offerings available to them.
