Interactive Brokers Launches ETH Staking Service with Zerohash

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Interactive Brokers has rolled out an ETH update, enabling clients to stake Ethereum through Zerohash. The service allows eligible users to stake or unstake ETH via the Client Portal. Staking rewards are automatically added to the position, providing returns on crypto holdings. This ETH update comes as major brokers expand their crypto services. IBKR manages $964.7 billion in client assets.

Odaily Planet Daily reports: Global automated broker Interactive Brokers (IBKR) has launched a cryptocurrency staking service powered by blockchain infrastructure company Zerohash. Initially, eligible clients can stake or unstake ETH directly through the Client Portal. Interactive Brokers manages $964.7 billion in client assets and previously offered trading services for Bitcoin, ETH, Litecoin, and Bitcoin Cash.

The staking rewards received by customers will be automatically added to their staking positions, enabling them to earn additional rewards. According to Interactive Brokers CEO Milan Galik, staking provides customers with an opportunity to earn rewards on their held cryptocurrency assets. (Bitcoin.com News)

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