Uphold Launches Industry-Best 0% Commission on All Staking Assets

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• Widest range of stakable assets – 23 Proof-of-Stake Tokens Available

• HIghest APY in the industry – up to 25% APY

• In and out within three days compared with 28 days at many other exchanges

• The only 0% commission in the industry

SAN FRANCISCO – OCTOBER, 27, 2022: Uphold, the digital money platform serving over 10 million customers in more than 150 countries, has eliminated staking commissions for all of its Proof-of-Stake (PoS) cryptocurrencies. Uphold offers the largest selection of stakable assets in the cryptocurrency industry, with 23 Proof-of-Stake (PoS) cryptocurrencies, delivering some of the highest APYs on the market.

Simon McLoughlin, CEO of Uphold, said: “Were always looking for ways to give our customers the best experience and value possible. Now we are offering the widest choice of assets to be staked, the highest APYs and zero commissions. Crucially, we also extend the most flexible terms: on Uphold, customers can get into or out of staking within 3 days compared with 28 days at other large exchanges.”

Today, Uphold offers an industry-best 25% APY on staked Kava (KAVA) coins and high yields on a diverse variety of leading altcoins. Included in Upholds staking suite is the option to stake Ethereum (ETH) coins in return for 7% APY – one of the best rates on offer among cryptocurrency exchange platforms.

With the transition to ETH 2.0 further complicating the staking process, Upholds simple staking service opens up ETH 2.0 staking for everyone.

Upholds 0% commission staking options are also available across Kusama (KSM), which today returns an estimated 18% APY, and Polkadot (DOT), which returns 12% APY. Cosmos (ATOM) and Mina (MINA) also both return 12% APY, Band Protocol (BAND) offers 10% APY, plus there are many others.

Most recently, Uphold announced the addition of Casper (CSPR) staking – with 9.25% APY. The Casper Network is a PoS enterprise blockchain designed to help companies build decentralized products and services effectively. The network comprises upgradeable smart contracts, developer-friendly features, and lower transaction costs than most other Layer-1 blockchains.

Customers can get started by purchasing the relevant assets from Uphold and storing them in their wallet. Alternatively, if they already hold these assets in private wallets, they can transfer them into their Uphold exchange wallet. Once the funds are on the platform, users simply opt into staking, and Uphold takes care of the rest.

The flexibility of Upholds staking feature means that users can instantly put their digital assets to work with easy in-and-out terms from within the Uphold wallet. Users will be able to earn income in the form of staking rewards directly from the blockchain, and Uphold will perform all the transaction validation for them and the staking rewards will be automatically credited to their account.

Uphold only offers network function staking and never lends out assets to third parties in order to generate a yield. This keeps customer assets on the platform and does not expose them to unknown lending risks.

Upholds 0% commission staking program will run until January 5, 2023.

Uphold was recently ranked Number 1 in the prestigious The San Francisco Business Times Fast 100 List of fastest-growing businesses in the SF Bay Area for 2022. Uphold provides retail, enterprise and institutional investors with easy access to cryptocurrencies, digital assets, national currencies, precious metals and U.S. equities*.

About Uphold

A digital money platform serving over 10 million customers in more than 150 countries where consumers seek a more versatile and cost-effective home for their financial lives. Leveraging blockchain technology, the platform provides both consumers and businesses with easy access to digital and national currencies, precious metals and fractional U.S. equities.