Reku Records an Increase in the Growth of the Staking Feature

Reku, an investment platform and buying and selling crypto assets in Indonesia, recorded an increase in the growth of the staking feature since its launch one year ago

Crypto asset trading platform Reku has recorded increasing growth in its staking feature since its launch a year ago, in June 2023.

The staking feature in Reku allows users to earn rewards of up to 12.5 percent annually. Moreover, users can also benefit from rising prices per coin and can stake and unstake flexibly.

"The average volume of monthly staking transactions has tripled compared to last year," said Jesse Choi as Co-CEO Reku in a statement on Thursday, July 25.

According to Jesse, this growth not only shows the high interest in staking but also demonstrates staking as one of the primary choices of crypto investors.

"As the platform that first launched Bappebti-registered staking, Reku is proud to be able to accommodate investor needs and help optimize their investment strategy," explained Jesse.

A significant increase occurred in March 2024, which coincided with Bitcoin touching an All-Time-High (ATH) at the level of IDR 1 billion before the easing period, which also affected altcoins such as Ethereum, MATIC, and several other altcoins.

This indicates that staking is one of the strategies that can be utilized when market conditions are green and sideways. Especially for investors who focus on long-term investment and don't have much time for trading," he concluded.

For the record, there are currently eight (8) crypto assets available in the Staking Reku feature, namely Ethereum, Cardano, Solana, Polygon, Polkadot, Tezos, NEAR Protocol, and Kusama, which will continue to grow.