Margex Upgrades Staking APY and Pool Sizes to Boost User Passive Earnings
Top-rated crypto futures exchange Margex just increased its staking rates after successfully expanding its pool sizes. Users can now enjoy an additional 2% Margex staking APY (Annual Percentage Yield) on some of the top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT).
The newly updated staking rates show Margex’s dedication to refining and upgrading its trading platform to improve the overall user experience. Currently, there aren’t any specific limits to crypto staking on Margex, but the exchange features a pool limit indicator that varies per day.
Margex Updated Staking APY & Pool Size: ExplainedBefore the increased Margex staking APY, the platform had a 5% earnings cap for crypto staking. The Seychelles-based exchange imposed this limit for its staking pools to ensure fixed passive returns for its users based on its current capacity.
However, with the latest increase in pool size, Margex has increased the staking reward limit to 7%, which is the staking APY for Binance USD (BUSD), USD Coin (USDC), ETH, and USDT. For staking Bitcoin, users will earn 6% APY from the previous 4% offered, marking the 2% boost across the board.
Unlike other crypto staking platforms that may offer time-bound terms, Margex’s token staking plans provide flexible terms. This means that investors can quickly withdraw their staked tokens at any time instead of waiting for the lock-up period before withdrawing with rewards. Passive income rewards are collected daily, making unstaking coins on Margex convenient and user-friendly.
Notably, the 6% and 7% annual percentage yield for flexible staking makes Margex highly competitive compared to other exchanges. The higher returns can be attributed to the platform’s efficient allocation of staked coins for various DeFi (decentralized finance) and CeFi (centralized finance) projects like cross-chain arbitrage and collateralized loans.
Visit Margex What Margex IsMargex is one of the best crypto futures trading platforms and a leading digital asset exchange. Launched in 2019, the platform has built a strong international presence that serves over 150 countries. Known for its low minimum margin requirements and advanced security, Margex houses over 500,000 traders globally.
In addition to its high-value core trading features, Margex provides user-friendly services such as instant token swaps and real-time price alerts. With the added benefit of crypto futures copy trading, the platform goes beyond just being a crypto exchange with tools suited for novice and seasoned traders alike.
Other features mentioned in our Margex review include access to over 50 crypto futures pairs, leverage ranging from 15x to 100x, and fast signup with no KYC (Know Your Customer) verification.
Why Use Margex in 2024?
In 2024, Margex’s half-decade of experience and dedication to consistent platform improvements make it a top choice for crypto traders. Tools like high-leverage trading, built-in TradingView charts, and over 100 technical indicators enable users to find more advanced trading opportunities.
At the same time, low trading fees and simple passive income opportunities through staking and copy trading provide more beginner-friendly features. Additionally, experienced investors can still use Margex’s investing and other non-trading aspects.
Finding the proper and secure trading platform is essential in the current cryptocurrency and Bitcoin rally, as increased crypto activity gives malicious users more incentive to hack accounts and wallets. Margex’s proven track record and multi-layer custodian security ensure the safety of users’ crypto holdings.
ConclusionMargex has confidently increased its crypto staking rates by 2%, giving its users higher passive income returns on 5 top cryptocurrencies. By consistently rolling out updates that keep providing value-adding features and improvements for traders, the prominent futures exchange continues to be a leading provider of crypto trading services.
Earn up to 7% APY on crypto staking plans with Margex today with its larger staking pool size and flexible terms.
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