End of year deep dive - Staking on Bitbuy

Just over a year ago, WonderFi's Bitbuy became Canada's first crypto-native platform to launch regulated staking, allowing Canadians to earn rewards while holding their proof-of-stake crypto assets. Let's take a closer look 👇

Since launching, Bitbuy has distributed $450,000+ in rewards to our users. The total ETH and SOL staked over the past year has been growing, with over 7,000 ETH and 110,000 SOL staked today. Bitbuy is seeing an average MoM increase of 16% for Ethereum and 19% for Solana.

Since the Ethereum network Shanghai upgrade, Bitbuy has seen a 169% increase in ETH staked!

Bitbuy also added staking offerings beyond ETH and SOL, introducing ADA, MATIC, DOT, ATOM, and NEAR to our list of stakeable assets. Stay tuned for future updates on our expanding staking offerings!

As crypto market sentiment improves, Bitbuy users are staking more, with a 40% increase in the number of users staking over the last three months.

The growth in user participation has been accompanied by a significant increase in the average amount staked per user, with a noteworthy 46% increase during the last three months and currently ~$5,000 CAD/User

Bitbuy has solidified it's position as Canada's premier platform for regulated staking. As the staking product continues to grow, it provides diversified revenue streams and solidifies our position in the industry.

As we enter the new year, we're excited to announce that we're expecting to launch staking on Coinsquare pending regulatory approval. Thanks for reading our whole article, we'll be bringing you more deep dives as we wrap up a memorable 2023. For more info on Bitbuy staking, check out bitbuy.ca/staking!