Today's News |
Netcoins Receives British Columbia Securities Commission (BCSC) Approval to Launch 'Staking Services' for Ethereum in Canada, Plans to Add Solana
Friday, May 19, 2023
BIGG Digital Assets Subsidiary Netcoins is Launching Staking in Canada
Vancouver, BC, May 19, 2023--(T-Net)--Netcoins, an online cryptocurrency brokerage, announced this week that it will be launching Staking services for Ethereum (ETH).
Netcoins received full approval to offer Crypto Staking Services in the Canadian market on May 15, 2023, from the British Columbia Securities Commission (BCSC), under its restricted dealer license. Netcoins has been a registered and compliant restricted dealer since 2021.
Netcoins President, Fraser Matthews, remarked, "We announced the upcoming launch of Netcoins Staking which will allow Canadians to seamlessly earn and receive staking rewards in their Netcoins account. Netcoins will roll out staking with Ethereum (ETH) and intends to add Solana (SOL) as a fast follow to our portfolio. Over the past year, Netcoins has reinvigorated its mission to be North America's most transparent and customer-focused, platform. By adding staking to our existing Netcoins Pay and crypto trading suite of over 35 assets, we believe that we are now amongst the leaders in the regulated Canadian crypto market when it comes to our suite of products."
Mark Binns, CEO, BIGG Digital Assets Inc.
BIGG CEO, Mark Binns, commented, "Netcoins is now 1 of only 3 regulated crypto staking platforms in Canada, and this approval is a big step forward for our platform and future. This shows our high level of engagement with the Canadian regulators and our maturity - we have nearly 10 years of experience in the Canadian crypto industry. With staking, we look forward to welcoming new customers to the platform on the back of this substantial new offering."
Staking is the process of holding onto or "staking" a certain amount of cryptocurrency to participate in transaction validation. This occurs on a Proof-of-Stake (PoS) blockchain network, often considered a less resource-intensive alternative to mining in proof-of-work networks.
By staking, individuals can earn rewards in the form of newly minted coins and help to secure the network. The key and simple takeaway for crypto investors is that staking is a means of earning rewards for holding onto cryptocurrencies.
About zetcoins
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io), and TerraZero (terrazero.com).
Forward-Looking Statements Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. [ MORE ] |
Other Recent Company News |
|||||||||||||||||||
|