Cryptocurrencies
Some Crypto Investors Find a Way of Playing it Safe
- Holders earn interest on coins while waiting for price rebound
- Startup Staked says it secured $4.5 million in venture funding
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After the volatile cryptocurrency price swings of the last few years, some investors are becoming content with essentially earning interest on their holdings.
They’re embracing a practice known as staking, where their tokens are placed in so-called digital wallets and used to help validate transactions that create new blocks in blockchain networks. In exchange they receive rewards in the form of coins. The proof-of-stake process can generate returns ranging from 5 percent to 150 percent, depending on the coins and amount held.