Bitbank launches Ethereum staking with 1.78% estimated yield for Japanese users

BitcoinWorld Bitbank launches Ethereum staking with 1.78% estimated yield for Japanese users Japanese cryptocurrency exchange bitbank has introduced an Ethereum (ETH) staking service, allowing customers to earn rewards on their holdings without a separate lock-up period.

The service, first reported by CoinPost, is designed to simplify participation for users who want to generate yield from their ETH directly within their existing exchange account.

How the staking service works According to the announcement, users can participate by holding ETH in their bitbank account, agreeing to the staking service terms, and enabling reward receipt settings.

The estimated annual yield for customers is 1.78%, with rewards distributed every Monday around 11:00 p.m. UTC.