Cryptocurrency

KoinBay Crypto Staking: Contributing to the Blockchain and Gaining Potential

Published

1 year ago

February 8, 2024

Cryptocurrencies like Bitcoin rely on a process called mining to verify transactions and maintain the network. However, mining has limitations, particularly in terms of energy consumption and centralized computing power.

In recent years, a new alternative has emerged: crypto staking. Staking offers a different way to participate in the network, one that’s more environmentally friendly and potentially more engaging.

What is Crypto Staking?

Crypto staking is the process of allocating your crypto assets within a blockchain network for a set period. Think of it as placing your assets in a dedicated pool to contribute to the network’s security and operations. In return for this contribution, you receive rewards in the form of additional tokens.

Unlike Proof-of-Work (PoW) used in Bitcoin mining, PoS doesn’t rely heavily on computing power. Instead, validators are chosen based on the amount of tokens they’ve committed to the network. The more you contribute, the higher the chance you have of being selected to validate transactions and earn rewards.

Benefits of Staking: Network Support and Potential Growth

Staking offers several advantages over traditional digital asset mining:

Network Support: By staking your tokens, you directly contribute to the security and stability of the blockchain network. This helps make the ecosystem more robust and reliable.
Potential Growth: While not a guarantee, staking can increase your holdings through the rewards you earn as a blockchain participant. This can be a valuable way to expand your crypto portfolio over time.
Energy Efficiency: Unlike PoW mining, which consumes significant amounts of energy, PoS is much more environmentally friendly. This makes it a more sustainable option for the future of crypto.
Lower Barrier to Entry: Unlike mining, which requires expensive hardware and technical expertise, staking is generally accessible to anyone, regardless of technical knowledge or financial resources.

How Does Crypto Staking Work?

The specific process of staking can vary depending on the blockchain network you choose. However, the general steps are as follows:

Select a PoS blockchain: Popular options include Ethereum, Tezos, Cardano, and Polkadot.
Choose a staking wallet or pool: Some wallets allow you to stake directly, while others offer staking pools where you combine your funds with others to increase your staking power.
Allocate your digital assets: Transfer the amount you want to contribute to your chosen wallet or pool.
Start participating: Once your assets are allocated, you’ll automatically begin contributing to the network and potentially earning rewards. The exact rate of participation and potential rewards will depend on the network and the amount you contribute.

Things to Consider Before Staking

While staking offers potential benefits, it’s important to be aware of the factors involved:

Volatility: The value of your staked assets can fluctuate significantly, leading to potential changes in their relative worth.
Lock-up Periods: Some staking pools require you to commit your tokens for a set period, making them inaccessible for that time.
Technical Risks: Staking on certain platforms can involve technical complexities. Always choose a reputable platform and thoroughly research any risks before making any decision.

Crypto staking provides a compelling alternative to traditional mining, offering network support, potential growth, and environmental sustainability. While it’s important to understand the factors involved and choose your platform carefully, staking offers a promising opportunity for those looking to actively engage with the blockchain and potentially expand their digital asset holdings.

Cryptocurrency Platforms that Offer Staking Feature

Binance: ETH Staking on Binance is a service that allows users to stake their Ethereum (ETH) tokens to support the Ethereum network’s operations. By staking ETH, users contribute to the network’s security and efficiency, playing a vital role in its Proof-of-Stake (PoS) consensus mechanism.
Kraken: Kraken also offers compelling options for staking digital assets and even cash. Two-week reward drops, instant unstaking, and zero penalties make staking simple and attractive.
KoinBay: Boost your crypto on KoinBay with their powerful staking platform. Imagine your digital assets quietly generating rewards, week after week. KoinBay’s staking lets you easily commit your crypto and earn fresh tokens in return. Take your idle crypto from dormant to dynamic on KoinBay’s user-friendly platform and watch your holdings steadily grow.
ByBit: ByBit Earn unlocks hidden potential within your crypto, transforming it from a static stash into a dynamic earner. Every 24 hours, fresh rewards automatically land in your wallet, ready to be re-staked or enjoyed, as you wish.

Embrace a future where your crypto not only holds value, but actively contributes to improving our daily lives. Crypto staking isn’t just about potential gains, it’s about taking a stake in a more secure, sustainable, and inclusive blockchain future.

With its lower barrier to entry and broader accessibility, staking invites everyone to become active participants in the crypto revolution. The future of crypto is built on participation, and staking offers a rewarding entry point for anyone to join the movement.

About KoinBay

KoinBay is a leading centralized crypto exchange that strives to provide a reliable and user-friendly platform for crypto enthusiasts to trade and navigate the dynamic world of cryptocurrencies. With a focus on innovation and cutting-edge features, KoinBay empowers users to make informed trading decisions and seize opportunities in the crypto space.

For more information, visit: https://koinbay.com/

Follow their social media for all the latest updates and announcements:

KoinBay Disclaimer:
Please be aware that trading in cryptocurrencies involves substantial risk and is not suitable for every investor. The volatility of the crypto market can lead to significant losses. We strongly advise that you trade at your own risk and discretion. It is essential to seek advice from registered legal, financial, and investment professionals before making any trading decisions. Our platform does not provide any form of trading or investment advice. All information on our exchange is for educational purposes only and should not be construed as financial advice. Make informed decisions and consider your financial situation and risk tolerance before trading.

CryptoPotato Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

Standard Chartered Launches Institutional Spot BTC, ETH Trading

Published

6 hours ago

July 15, 2025

Standard Chartered has become the first internationally recognized financial heavyweight to launch direct spot trading for Bitcoin and Ethereum.

The offering positions the UK-based institution at the forefront of regulated digital asset integration within traditional finance.

Launch Mechanics and Client Access

According to reports, the new service will allow institutional clients, including asset managers, corporations, and large investors, to trade BTC and ETH directly using FX trading interfaces established by the bank.

Standard Chartered stressed that the trades are “deliverable,” meaning that customers will receive actual crypto assets upon settlement rather than mere exposure via derivatives. Additionally, users can choose their own custodian, including Standard Chartered’s in-house service.

At first, the offering will be available during Asian and European trading hours, with potential demand determining whether there will be 24/5 access in the future.

The bank also plans to introduce non-deliverable forwards (NDFs) trading for the two largest crypto assets by market cap. This will further expand risk management tools amid growing institutional appetite for digital assets.

Traditional banks are under increasing pressure to bridge the gap between legacy finance and crypto infrastructure, and Standard Chartered hopes to eliminate a major point of friction for institutional players who were previously forced to navigate a fragmented and often unregulated crypto sector.

A Broader Crypto Strategy

The UK spot trading launch is just one piece of Standard Chartered’s growing arsenal of digital asset solutions. At the beginning of the year, the bank established a dedicated Luxembourg entity to offer regulated crypto custody services within the EU.

Around the same time, it also dipped its feet into stablecoins and tokenization, partnering with Animoca Brands and HKT to develop a Hong Kong dollar-pegged stablecoin.

Compteitors like JPMorgan and Goldman Sachs have taken a more conservative approach to direct crypto spot trading, with Nate Geraci, co-founder of The ETF Institute, decrying this cautious stance.

Recently, while referencing Vanguard, another heavyweight player in the financial management space, he suggested that the refusal by such institutions to offer crypto products could alienate investors seeking exposure to such assets.

“What Vanguard is missing (*huge* miss IMO)…” Geraci posted. “Is there are tons of investors who love Vanguard’s low cost approach to stock & bond investing AND they want to own some btc & crypto.”

Meanwhile, Standard Chartered Group CEO Bill Winters has consistently stated that “digital assets are here to stay.” The company’s aggressive positioning grants it an early-mover advantage in a market where deep-pocketed investors are increasingly demanding secure, compliant crypto exposure amid a shifting regulatory environment and rising BTC adoption.

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Cryptocurrency

Is Solana About to Explode Further? Analyst Reveals Next Targets

Published

6 hours ago

July 15, 2025

TL;DR

Solana breaks above $166 Fibonacci level, with bulls eyeing targets at $171, $179, and $185.
SOL trades above 9-day SMA, while MFI at 76 signals strong inflows but potential exhaustion.
SEC ETF reviews add momentum to Solana’s ongoing upward price action.

SOL Chart Points to Bullish Target

Solana (SOL) has broken out of an ascending triangle. The price cleared the $166 mark, which is the 1.272 Fibonacci level. Traders now watch for the next levels at $171, $179, and $185. The structure shows rising lows and growing volume, which supports the move.

“This could be the cleanest breakout I’ve seen all month,” said analyst Ali on X.

If buyers stay in control, the $185 level may be next. But traders also watch for pullbacks, especially as prices move higher into resistance zones.

This could be the cleanest breakout I’ve seen all month! pic.twitter.com/FGWTYaOqDg
— Ali (@ali_charts) July 15, 2025

SMA and MFI Indicate Bullish Momentum

Solana trades above its 9-day simple moving average, which now sits at $158. This shows that buyers are still active. The slope of the line is pointing up, which supports the current direction.

At the same time, the Money Flow Index is at 76.16, which is close to the overbought line. This reading shows that funds have flowed in fast. But it also warns of possible profit-taking or price pauses near this level.

Network Use and ETF Talk Support Momentum

As CryptoPotato reported, the number of active users on Solana’s network has recently ticked up. This rise in activity often helps price moves stay strong. The added use shows interest in Solana is growing.

Meanwhile, the SEC is now reviewing spot ETF filings tied to Solana. These efforts are said to be moving quickly. If approved, they may open more ways for funds to buy SOL directly.

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Cryptocurrency

Large Bitcoin Investors Realize $1.54 Billion in Profits but Rally Still Intact: CryptoQuant

Published

6 hours ago

July 15, 2025

Bitcoin’s climb above the coveted $120,000 level was short-lived, as the cryptocurrency pulled back to below $117,000 amidst renewed volatility. Over the past 24 hours, it declined by over 4%.

On-chain signals reveal increased miner activity, which suggests short-term selling pressure.

Miners Cashing Out?

As the price approached new highs, the Miners’ Position Index (MPI) – which gauges the ratio of miner outflows to their one-year moving average – spiked to levels last seen during major sell-off periods. This means that some of them may have begun taking profits into strength, a pattern often seen when the MPI reading rises above 2, hinting at larger-than-usual Bitcoin outflows from miners to exchanges.

While such moves can introduce short-term selling pressure, CryptoQuant explained that historical patterns indicate they do not always derail broader bullish trends when demand from other investor cohorts remains strong.

At the same time, Binance, the world’s largest cryptocurrency exchange, recorded net inflows of nearly 6,000 BTC between July 12 and July 14. This activity reversed a period of predominantly neutral or negative netflows. The sudden influx alongside the recent price rally points to potential arbitrage activity, derivative hedging, or preparations for large-scale transactions rather than outright panic selling.

Considering all these factors together, the uptick in miner activity and increased exchange deposits mean that while some market participants are realizing gains, others may be positioning for continued price action.

Amid these miner outflows and Binance inflows, Glassnode recorded one of the year’s largest profit-taking days.

Bitcoin Logs One of Its Largest Profit-Taking Days

According to the blockchain intelligence platform’s findings, Bitcoin investors collectively realized $3.5 billion in profits over the past 24 hours.

This is one of the largest profit-taking days for BTC this year. Interestingly, long-term holders accounted for approximately $1.96 billion, or 56% of the realized gains, while short-term holders captured around $1.54 billion and accounted for the rest.

The significant wave of profit realization, led predominantly by long-term holders, demonstrated how seasoned investors are seizing the opportunity to lock in gains as Bitcoin hit a fresh peak while still allowing room for fresh capital to enter.

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