CryptoBiz Exchange has increased the staking duration on its mobile application up to 3,6 and 9 months. In a statement, the trade said it has increased the staking durations due to user demand and to incentivize users with better interest returns on amounts staked with the exchange.
CryptoBiz Exchange had launched a crypto staking facility in 2021. Earlier, it was offering the choice to stake amounts for a maximum of4 weeks duration. The statement said that the advanced CryptoBiz Staking choice has enabled users to avail the facility of staking or keeping their current cryptos with the
exchange while earning consistent interest upon it.
Commenting on the initiative, Rahul Rathod, Founder and CEO, CryptoBiz Exchange said, “As we are aware that staking is said to be one of the safest approaches to guaranteeing consistent returns in an exceptionally volatile Cryptocurrency market, particularly for those who wish to hold Cryptos for longer time spans rather than getting into everyday trading. I personally believe that this step will demonstrate productive and beneficial for investors as staking assures earning via interests.”
The CryptoBiz application offers built-in key lockers and protected logins.
CryptoBiz Exchange is likewise planning to launch a virtual marketplace for seamless buy/sell of NFTs to promote Indian creators.