Seychelles-based Huobi decided to support ETH 2.0 Proof-of-Stake and launched ETH 2.0 staking at 12:00 UTC, December 1st on Huobi Global. The move comes ahead of the beacon chain launch and opens the gates for users to finally get rewards via ETH 2.0 staking.
With staking support on Huobi, users will be able to pledge ETH as BETH (Beacon ETH) with just a click. What’s BETH, you ask? It’s an altogether new asset that is supported only by stakers on the beacon chain. Huobi claims it will pick the right time to support BETH trading, contingent on the staking situation.
The minimum staking threshold is 0.1 ETH but for those who participate in ETH 2.0 verification nodes on their own, this threshold is much higher – 32 ETH. Clearly, this is an attempt to democratize staking for everyone, regardless of their holdings.
With an offer of 20% APY as staking rewards, users stand to make fairly solid returns on their holdings. The Huobi platform also brings some other major advantages – such as the chance to be rewarded twice through BETH prizes and additional HPT airdrops as well. At the same time, Huobi takes responsibility for the risk of forfeiture during staking without users’ payment. Quite a lot to love!
The staking service platform has garnered a reliable reputation during its seven years in the business. Led by experienced leaders with tested financial backgrounds, Huobi already has a presence in the Eastern crypto markets, and is also a growing presence in the West. A recognizable and respected name in crypto, it has not suffered any major hacks or downtimes.
A rapidly growing exchange, Huobi also has strong values about maintaining compliance. It has several governmental licenses and also provides localized offerings in various countries such as Russia, Argentina, Thailand, etc. The strong trading and crypto product offerings are not just limited to basic trading features but also include derivatives trading and other latest products. On the volume and liquidity front, Huobi continues to lead with impressive liquidity, high trading volume, global reach and a highly competitive platform across all trading offerings.
As the launch of ETH 2.0 is finally unfolding, Huobi has been quick to respond to the developments and has joined an elite list of exchanges that are now supporting ETH 2.0 staking. You can read more about ETH 2.0 staking on its official page. Or get started with Huobi ETH 2.0 staking right here and start earning!