Get an early start in a potentially $40B staking industry with LATOKEN
Currently, LATOKEN exchange has 30 different cryptocurrencies available for staking, including top tokens, such as DOT, XTZ, and others. In addition, LATOKEN staking platform launched staking for Cosmos (ATOM) and ICX (ICON) today, on July 6th, 2021.
Most seasoned crypto traders and people interested in crypto, already know that staking can be a viable source of passive income. For example, we have seen high demand on our platform for LATOKEN Staking.
Now even the top dogs in traditional finance are getting the memo about the potential of staking, as well.
Recently, according to Forbes, two senior analysts at JPMorgan argued in their report that blockchains running more energy-efficient networks are getting more popular, in comparison to Bitcoin and Ethereum. As a consequence, they predict that staking will gain more traction in the near future. The report argues that it is going to be a popular source of revenue for both institutional and retail investors in the upcoming years.
“Yield earned through staking can mitigate the opportunity cost of owning cryptocurrencies versus other investments in other asset classes such as US dollars, US Treasuries, or money market funds in which investments generate some positive nominal yield,” the report reads. “In fact, in the current zero rate environment, we see the yields as an incentive to invest.”
The report estimates the current annual revenue for staking at $9 billion for the crypto industry. Authors predict that ethereum’s shift to proof-of-stake after the launch of long-anticipated ethereum 2.0 in 2022 will further grow the demand for adoption of the alternative consensus mechanism. It could cause staking pay-outs to raise to $20 billion in the quarters following the launch of Ethereum 2.0 and $40 billion by 2025.
Currently, we are still in the early days of staking, and even the traditional finance experts are acknowledging the fact that it is going to be a huge market opportunity in the next few years. However, LATOKEN users don’t have to wait that long. You can start staking within a few minutes, on the LATOKEN Staking. You can choose from over thirty available tokens, including DOT, XTZ, Cosmos (ATOM), ICX (ICON), and others.
In order to get the news about the new leading tokens for staking, and to be on top of crypto trends follow us on LATOKEN on Medium, on LATOKEN Blog or LATOKEN VCTV channels.
About LATOKEN
- Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
- Has over 2 mln registered users, over 1 mln Android app installs.
- Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
- VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
- Advisory Board includes former CFOs from JP Morgan and Paypal.
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.
