ChainCatcher report: Crypto asset custodian BitGo has added Stacks Bitcoin staking to its qualified custody services. Eligible institutions must allocate 5% of their Bitcoin holdings in STX to pair with BTC for staking. This staking mechanism takes the form of a bond with a term of approximately six months, funded by Stacks miners. Stacks is a smart contract network built on top of Bitcoin; with this feature launch, institutional clients can now perform related staking operations within BitGo’s qualified custody framework.
BitGo Adds Stacks Bitcoin Staking to Its Qualified Custody Services
ChaincatcherShare
Summary
Bitcoin breaking news: BitGo has added Stacks Bitcoin staking to its qualified custody services. Eligible institutions must allocate 5% of their Bitcoin holdings in STX tokens to join the program. The staking mechanism pairs BTC and STX in a six-month bond backed by Stacks miners. Stacks is a smart contract network built on Bitcoin. This update enables institutional clients to stake within BitGo’s qualified custody framework. Bitcoin news continues to highlight key developments in institutional-grade crypto services.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.