BitGo custodian solutions provider offered customers the opportunity to receive passive income on the cryptocurrencies Dash (DASH) and Algorand (ALGO).
BitGo is excited to announce it has acquired Hedge and launched staking for #cryptocurrencies . https://t.co/0lN9f3UK8W pic.twitter.com/2DmQ73JfVa
– BitGo (@BitGo) October 3, 2019
Holders of these coins can count on annual returns in the range of 7-13%.
“Staking makes it possible to earn income on invested funds without even having to deal with assets, leaving them in storage ,” said Ben Chan, technical director of BitGo.
In addition, the company bought a startup Hedge, specializing in staking infrastructure. Representatives of BitGo are confident that the new acquisition will provide an opportunity to automate many operations and expand the functionality of the service.
Recall that BitGo and the blockchain startup Civic are developing a cryptocurrency wallet focused on privacy.
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