Bitpanda offers IOTA staking – aiming for up to 18 percent annual interest.

Bitpanda offers IOTA staking aiming up to 18 percent annual interest

Investors at Bitpanda can now stake IOTA and take advantage of a potential annual interest of up to 18 percent. Bitpanda thus outruns other IOTA staking offerings.

In September, IOTA introduced an innovative staking mechanism with Shimmer, which simplifies participation in staking and enables multi-asset staking to be achieved. Bitpanda, a trading platform popular in the German-speaking world, has announced its new offering for IOTA staking. According to Bitpanda, rewards of up to 18 percent annually are possible by staking IOTA. Bitpanda outdoes other offers such as Binance, where IOTA staking is capped at 0.5 percent annually for flexible terms and up to 9.9 percent for the restricted version via promotion.

Details about IOTA staking on Bitpanda

Bitpanda emphasizes being the premier European provider for IOTA staking and refers to the collaboration with the IOTA Foundation. You need a verified account at Bitpanda to stake IOTA there. Thereafter, you can freely decide which portion of your IOTA holdings should go into staking. Bitpanda pays staking rewards weekly, which allows a quick view into achieving maximum interest.

Like with other providers, staked IOTA on Bitpanda cannot be used otherwise simultaneously, and an early exit is not provided. Nevertheless, Bitpanda’s conditions for IOTA staking are described as “flexible.” It refers to weekly automatically computed rewards and thus allows arranging future interest.

Classification of Bitpanda’s new IOTA staking offer

Currently, no other well-known crypto exchange offers such advantageous returns for IOTA staking as Bitpanda does. Weekly and freely determinable staking, paired with an impressive yield of up to 18 percent annually, promises a high level of attractiveness. However, it’s worth noting that the suspension of staking reward distribution could occur under unforeseen circumstances. Also, there are no daily returns but only weekly computed staking rewards. Nevertheless, Bitpanda’s new IOTA staking offer represents an attractive opportunity, especially as IOTA itself supports the regulatory-compliant handling of yields.