Uphold Launches Staking Rewards for UK Customers After Regulatory Change
Uphold has launched staking rewards for UK customers following a regulatory change allowing registered crypto asset service providers to offer such services. Key points include:
- The UK Treasury amended the Financial Services and Markets Act 2000 on January 31, 2025.
- Staking allows users to earn returns by locking assets for network security and transaction validation.
- Uphold offers high-yield returns on Proof of Stake cryptocurrencies, including Ethereum, Solana, and NEAR.
- Potential staking rewards can reach up to 14.8% APY depending on market conditions.
- This initiative enhances investor confidence and supports blockchain network security while promoting innovation in the digital asset space.
Staking is crucial for blockchain integrity, offering a greener alternative to traditional mining methods. Uphold aims to make staking accessible to small-scale investors, positioning itself as a leader in the DeFi evolution in the UK.
The firm operates on a 100% reserve model and maintains regulatory approvals from multiple financial authorities, reinforcing its credibility in global digital finance.