Elena Nikulina

Bitfinex highlights ongoing Ethereum staking service with estimated $70 annual rewards per ETH

Bitfinex highlights ongoing Ethereum staking service with estimated $70 annual rewards per ETH
Bitfinex updates ethereum staking service

Bitfinex highlighted its ongoing staking service for Ethereum (ETH), noting that at current rates and an ETH price of around $2,700, holding 1 ETH yields approximately $70 per year in rewards, with distributions paid weekly. The service allows users to earn protocol rewards on their ETH holdings, with staking and reward processes handled via the Bitfinex platform.

Leading Crypto Broker in United States
8.48/10
*Rated by real traders on Traders Union
  • Chosen by 2 700+ local traders in the last 3 months.
  • Traders earn on average 12% more per month vs other brokers.
Start with OKX

Bitfinex has outlined details of its ongoing Ethereum (ETH) staking service, where users can earn protocol rewards by staking ETH on the platform. According to the broker, users holding 1 ETH at a price of approximately $2,700 can expect around $70 annually in staking rewards, with distributions paid weekly and an estimated annual yield of up to 3%. The service operates as a soft-staking platform, meaning users do not run their own validators. To participate, ETH holders must opt in and convert their tokens to ETH2, at which point rewards are distributed as ETH2Rewards. There are no minimum staking amounts, but rewards are only paid out if they exceed approximately $0.50 per token per week. Unstaking requires an additional conversion process and may take weeks to months to complete based on Ethereum network timings. ETH staking is unavailable to U.S. residents and certain restricted persons.

Bitfinex is a cryptocurrency exchange that offers trading in a wide range of crypto and fiat currency pairs, with margin trading available at up to 1:10 leverage (up to 1:100 for derivatives). The platform features a proprietary trading terminal, a mobile application, customizable order types, and demo accounts for strategy testing. For more details, see the broker profile on Traders Union.

For more background, see our earlier news about Bitfinex, which detailed significant changes in Avangaad Bhd's shareholding and their effects on company performance. Read the previous Bitfinex update on Traders Union for the full story.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.