Academy Press Room Article

Crypto Staking – One of the Crypto Passive Income Alternatives in Negative Interest Rate Environments

2020.02.27

OKEx (www.okex.com), the world’s largest cryptocurrency spot and derivatives exchange, attended the Blockchain Economy 2020 in Turkey, which is of the highest-standard blockchain summit in MENA and Eurasia. Lennix Lai, Financial Markets Director of OKEx, delivered a keynote about passive income in the crypto market at the event on Feb 21, 2020.

“Cryptocurrencies could be an ideal alternative to earn passive income while negative interest rate becomes the new norm globally. At OKEx, we strive to bring crypto inclusion and is constantly working towards a frictionless economy, regardless of how the traditional markets perform,” said Lennix at Blockchain Economy 2020. “Savings, staking, as well as DeFi lending, these are new avenues that can provide crypto interest income to users on a regular basis, which also benefit to the traditional financial system, and hence bringing billions of users the advantage of obtaining passive income in crypto.”

OKEx Pool with interest rates up to 5.12%, which is the highest in the industry

Currently, apart from savings and lending, staking appeared to be a key source of passive income in the crypto market. After about a year since its debut, the staking market has become much more mature.

Staking is a kind of cryptocurrency investment with low risks. Users earn dividends by buying and depositing cryptocurrencies in an e-wallet or staking pool for a certain period. It’s similar to the time deposit in traditional banks in terms of user’s operation process and experience. However, the ways profit is generated are different and the interest rates of staking are generally higher than traditional bank rates.

For instance, OKEx Pool now supports staking of 8 mainstream tokens, including EOS, XTZ, DAI, VSYS, ATOM, YOU, IOST, CRO with interest rates as high as 15%.

Among them, EOS staking is the earliest one that was made available on OKEx Pool with interest rates up to 5.12%, which is the highest in the industry. Apart from that, OKEx Pool also has several other advantages in EOS staking:

  • – Interest rates up to 5.12%, which is the highest in the industry.
  • – The profit is converted to OKB for settlement. Users can gain an additional benefit brought by the increase of OKB market value while OKB performs strongly in the secondary market recently.
  • – The staking period is divided into 4 levels, allowing users to choose flexibly and diversely.
  • – Users can transfer the EOS to Mining Account to start staking by one-click.
  • – The daily income will be credited directly.

Since the beginning of operation, OKEx Pool has maintained a mutually reinforcing relationship with the EOS community. Within one month, on Aug 13, 2019, OKEx Pool topped the EOS Block Producer (BP) ranking. Besides, OKEx Pool launched EOS Block Producer Pursuit on Aug 2019, to highlight and reward the efforts contributed by earlier Block Producers with over 100 million votes.


About OKEx Pool

OKEx Pool is a comprehensive mining pool built upon the world’s leading cryptocurrency exchange OKEx, offering a one-stop mining and trading experience for users. Currently, OKEx Pool supports the mining of a plethora of PoW, PoS, and PoS-variant assets. In terms of PoW mining, OKEx Pool supports 12 major cryptocurrencies including BTC, BSV, ETH, and LTC, etc. In terms of the PoS & PoS-variant mining, it supports 8 cryptocurrencies including EOS, ATOM, XTZ, and DAI, etc. Besides mining, OKEx also serves as blockchain nodes for over 20 projects and provides users with a range of hedging and staking services.

About OKEx

The world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies, offering investors great flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact:
Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

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