Unlocking the Power of Cryptocurrency Investing: Staking and ETF Diversification Explained
The ever-changing world of cryptocurrency can be overwhelming for many, with new terms and concepts being introduced regularly. Recently, the term “staking” has been gaining popularity in the world of cryptocurrency. Staking involves lending a specified amount of your cryptocurrency holdings, like etherum, to the network for validating transactions. In return, you receive dividends in the form of currency you invested. Wealthsimple is one platform where you can stake your etherum at a promo rate of 4.5%. It is important to note that staked etherum can now be unstaked at any time due to the recent Ethereum Network Update.