eToro, a leading trading and investing platform, has expanded its cryptocurrency staking program to include NEAR Protocol (NEAR) and Polygon (POL). This move allows users to earn rewards by simply holding these digital assets, further diversifying the platform’s offerings and supporting blockchain network operations.
Staking, a process where investors lock up their crypto holdings to validate blockchain transactions, has become a popular way for users to grow their digital asset portfolios. With this expansion, eToro now supports staking for NEAR and POL in addition to Solana (SOL), Ethereum (ETH), Cardano (ADA), and Tron (TRX).
Expanding Blockchain Opportunities
“The recent crypto market rally has boosted enthusiasm for blockchain innovation, with Bitcoin setting fresh all-time highs and many altcoins rising too,” said Adi Lasker Gattegno, Director of Crypto Desk at eToro. “As interest in digital assets surges again, we’re committed to offering our users more ways to grow their portfolio and participate in the evolving blockchain ecosystem.”
Building on the success of its ETH and SOL staking program launched in July, eToro aims to simplify staking for NEAR and POL. Eligible users will be automatically enrolled when they open positions in these assets and will receive monthly email updates detailing their staking rewards.
Users can earn between 45% and 90% of the staking yield depending on their eToro Club tier, with the platform retaining a portion of the yield to cover operational costs. Staking rewards are only available to users in eligible countries who meet the requirements, including holding a position for a set number of ‘intro days.’
Balancing Rewards and Risks
While staking presents an opportunity to earn rewards, eToro reminds users of the associated risks. During the lockup period, assets may experience limited liquidity, and market volatility can lead to price fluctuations. Additionally, if blockchain validators violate protocol rules, the staked assets may be confiscated or ‘slashed.’
Staking is unavailable for eToro users based in Germany, the US, and certain other regions. More information, including terms and conditions, is available on the platform.
About eToro
Founded in 2007, eToro has grown into a global trading platform with over 38 million registered users across 75 countries. It offers a collaborative investment community, enabling users to trade traditional and innovative assets, build portfolios, and replicate other investors’ strategies.
This latest expansion of its staking program reinforces eToro’s commitment to empowering users to capitalize on the evolving blockchain ecosystem while providing secure and transparent investment solutions.
