WazirX, a Binance backed cryptocurrency exchange, becomes the second and latest Indian digital currency exchange to begin staking on its platform.
The exchange has started permitting customers to stake on its app since the 1st of this Month for interest.
Staking means keeping digital assets in a wallet to assist the proof-of-stake blockchain operations to get tokens as a reward.
WazirX started with the implementation of TRX staking and is preparing to add more tokens in the next few weeks.
Users with at least 500 TRX can stake their tokens and can also exchange them on the platform. According to a statement released, users would get a yearly return between the range of 4% and 9%.
Source: Cointelegraph
