• This Crypto Exchange Now Offers SHIB’s Most Profitable Staking

  • The OKX exchange introduced staking SHIB with a 12% annual percentage yield, the highest interest rate for Shiba Inu among other centralized crypto exchanges.

    Deposits will be accepted tomorrow, according to the exchange’s press statement. The overall blocking duration for SHIB will be 90 days, with a subscription restriction of 40 million SHIB per account. The staking pool has a total value of 1.2 trillion SHIB.

    In addition to this promotional effort, the exchange offers staking of popular cryptocurrencies like as DOGE and XRP, although at a significantly lower interest rate than Shiba Inu. These tokens give only a 5% yearly percentage yield.

    It is critical to note that OKX does not support tokens on the BNB Chain network, whether they are BEP2 or BEP20. There are allegations that the absence of Binance initiatives can be explained by the fact that Changpeng Zhao, the head of Binance, formerly worked for OKX, from which he subsequently resigned to launch his own project, while also remaining a member of the OKX team.

    OKX recently stepped up, rebranded, and even became a sponsor of Manchester City, one of the top soccer teams in the English Premier League. Pep Guardiola, one of the game’s most notable coaches, also took part in the exchange’s promotional campaign.

    SHIB Staking Nuances

    The current value of the 40 million SHIB available for staking per user is only $400. Nonetheless, the exchange does not require KYC in order to deposit tokens into a staking pool, which may provide options to increase the limit in known ways.

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