Bitstamp Launches Ethereum Staking for UK Users, Offering up to 3.1% APY

Bitstamp has launched staking services in the UK, allowing users to earn passive income from Ethereum and Cardano. The launch follows recent regulatory changes in the UK, which removed staking from collective investment rules.

Bitstamp has launched staking services in the UK, following recent regulatory changes in the country. Earlier this year, the UK excluded crypto staking from collective investment rules, paving the way for exchanges to offer the service.

As one of the oldest and largest crypto exchanges, Bitstamp is now positioning itself as a compliant and trusted provider in the growing crypto staking market.

Coinbase Among First to Secure UK Approval For Crypto Staking Products

Earlier this year, the City regulator, the Financial Conduct Authority (FCA), announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. This approval followed a period of consultation on the matter.

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. The regulator had previously announced that it would be excluding crypto staking activity from the scope of collective investment scheme rules.

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

According to the regulator, these changes are part of efforts to balance innovation in the rapidly evolving crypto sector with the need to maintain financial stability and consumer protection.

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit to the left: CC0 Public Domain, right: Bitstamp

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and Coinbase the necessary approval to offer crypto staking products to UK users. Credit: CC0 Public Domain

Earlier this year, the FCA announced that it would be granting Bitstamp and EU crypto service providers with a full license.