Update: as of April 1, 2023 CEX.IO discontinued staking service in the U.S.
In 2021, we greatly expanded the list of available cryptocurrencies that U.S. customers can deposit, sell, and trade on the platform. But at the start of 2022, we’re taking big steps to open even more opportunities to our U.S. clients. We’re bringing new listings as well as a feature our U.S. users have long been demanding — CEX.IO Staking.
However, let’s talk first about the new cryptocurrencies. We’ve added 19 new altcoins to the platform for our U.S. customers. This means that the list of available cryptocurrencies has more than doubled since last year. Most of these cryptocurrencies showed great performance in 2021 and received significant support from the crypto community.
New crypto and features available for the US
Now users from the U.S can deposit, withdraw, and trade the following cryptocurrencies as pairs with U.S. dollars:
- 1Inch (1Inch)
- Aave (AAVE)
- Cosmos (ATOM)
- Compound (COMP)
- Dai (DAI)
- Polkadot (DOT)
- Internet Computer (ICP)
- Decentraland (MANA)
- Loopring (LRC)
- Maker (MKR)
- OMG Network (OMG)
- Shiba Inu (SHIB)
- Synthetix (SNX)
- Solana (SOL)
- SushiSwap (SUSHI)
- Tron (TRX)
- Tether (USDT)
- Zilliqa (ZIL)
- Dash (DASH)
What’s more, we enabled staking options for both existing and new cryptocurrencies available in the U.S.
At the moment, staking is available in the U.S. for the following crypto:
- Cardano (ADA)
- Solana (SOL)
- Zilliqa (ZIL)
- Tezos (XTZ)
- Polkadot (DOT)
- Tron (TRX)
- Polygon (MATIC)
CEX.IO Staking has been launched for the U.S. concurrently with the new listings. This means that if you have the minimum required holdings of “stake-able” tokens on your CEX.IO balance, your crypto is already earning for you.
Benefits of CEX.IO Staking
Our goal is to bring staking to all users, regardless of their technical understanding of blockchain technology. So we created CEX.IO Staking as a simple format so all can benefit from crypto.
CEX.IO Staking allows users to receive a staking reward just for holding cryptocurrencies on their CEX.IO balance. The process of receiving a reward is automated and is sent once a month.
When you participate in staking at CEX.IO, you can also take advantage of unique features. Unlike many other platforms that support staking, CEX.IO does not require a specific lock period. That means you always have access to your coins and can withdraw them anytime. Moreover, you can trade your coins when participating in staking. Rewards will be automatically re-calculated according to your current balance. Find out how staking works under the hood, and what other features CEX.IO Staking offers in this Q&A article.
We are committed to creating products and services that allow users to generate value simply, hassle-free, and more cost-efficiently versus other providers. We’re also consistently working to expand the list of tokens and services available to our customers, enriching their crypto experience with industry-leading practices. And we are planning to add more listings very soon. Stay tuned to learn about more opportunities that will become available at CEX.IO.
Disclaimer: The above content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Please study the asset on your own before making any investment or trading decisions. Staked assets are not covered by insurance against potential losses, nor are they subject to protection in the U.S. by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC). CEX.IO is not engaged in the offer, sale, or trading of securities.