Bitfinex Launches ETH 2.0 Staking Service
Bitfinex Launches ETH 2.0 Staking Service
December 24, 2020
Bitfinex Launches ETH 2.0 Staking Service
Bitfinex Launches ETH 2.0 Staking Service
December 24, 2020

Bitfinex, a state-of-the-art digital token trading platform, has launched ETH 2.0 staking, providing for the seamless staking of Ethereum (ETH) held by users on the platform.

ETH 2.0 staking, which will begin on 23/12/20, will be available to eligible users. There will be no minimum requirement on the amount of ETH needed to be held in order for a user to participate in staking. ETH will be staked in batches of 32 ETH on a first-come, first-served basis.

Users staking ETH 2.0 on Bitfinex will find an easy to use interface simplifying the staking mechanism and removing the technical hurdles associated with setting up and running a validator node. Once tokens are staked, they are locked on the beacon chain however Bitfinex intends to provide users the option of exiting their ETH 2.0 staking position by means of selling the ETH2 and ETH2 Rewards balances in their accounts in Bitfinex’s peer-to-peer trading markets.

Paolo Ardoino, CTO at Bitfinex, said:

“We’re delighted to offer a service for ETH 2.0 staking on behalf of our growing customer base. Our service provides an intuitive, accessible and user-friendly means of participating in a monumental event in the digital token ecosystem, ETH 2.0 staking.”

To begin the process of staking ETH, a user can visit the exchange wallet page. In the Currency Conversions tool, a user can choose the amount of ETH that he or she wants to convert. A user can then select “ETH” in the “From” dropdown menu and “ETH2 Pending” in the “To” dropdown menu. Once the staking cycle is completed, the ETH2 Pending balance will be converted into an ETH2 balance. 

ALSO READ :  DoppelPaymer Gang Deploys A Ransomware Attack Against Boyce Technologies Amidst COVID-19 Pandemic

Staking rewards on staked ETH will be reflected as ETH2 Rewards. ETH2 staking rewards are estimated to be up to 10%* per year and only rewarded on successfully staked tokens marked ETH2.

The ETH 2.0 staking service is available to our users, pursuant to Bitfinex’s Terms of Service and additional terms that users will be presented at the time they choose to stake. ETH Staking is highly experimental and risky. Please ensure you independently assess, understand, and accept the related risks before deciding to stake. For more information on ETH 2.0 staking, please visit:

The launch of Ethereum in 2015 has given birth to a flourishing developer community involved in many innovative projects, including those in the nascent space of decentralized finance (DeFi). ETH 2.0 has the mission of solving two major challenges in blockchain development: limited scalability and high gas prices. 

Over the next two years, the Ethereum community plans to increase scale and migrate the current Ethereum chain to the ETH2 chain. This will represent a major milestone for ETH2, with a final rollout of ETH2 set to have a major impact on the wider digital token space.

ALSO READ :  IOHK relaunches Mantis, offering Ethereum Classic community a more secure future

*This is the estimated annual staking reward for staked tokens based on rewards as of December 23, 2020, rewards will vary including based on the Ethereum protocol. Actual annualized staking rewards may differ. Bitfinex makes no guarantees regarding the amount of any staking rewards.

Important Notes

Nothing in this press release is financial, investment or other advice. Nothing in this press release is a solicitation, recommendation or endorsement of staking ETH or any other course dealing. Any references in this post to returns are only hypothetical and not guaranteed.

ETH staking is not available to any citizen or resident of Canada or any entity organized in Canada or controlled by citizens or residents of Canada. ETH staking is also not available to any Prohibited Person, such as a citizen or resident of the United States of America.

Bitfinex makes no guarantee that it will permit trading of ETH2 or ETH2 Rewards or if it does, that it will continue to permit trading of either ETH2 or ETH2 Rewards. Bitfinex may remove the ability to trade ETH2, ETH2 Rewards, or both ETH2 and ETH2 Rewards, at any time, on any or no notice, and for some or all users.

ALSO READ :  Enigma Securities Partners With Fireblocks, Joins Fireblocks Network

If you cease to maintain your account with Bitfinex for any reason, including termination by Bitfinex, while you hold a balance of ETH2 or ETH2 Rewards, you will forfeit any rights you may have pursuant to the Terms of Service to the ETH that the ETH2 or ETH2 Rewards represents. Neither ETH2 nor ETH2 Rewards balances can be withdrawn from Bitfinex.

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit to learn more.

Media Contact

Joe Morgan, Senior PR Manager, Bitfinex

[email protected]


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Blockpass And Matic Announce Integration

Blockpass And Matic Announce Integration

The start of the new year proves to be auspicious for Blockpass and Matic as the two companies reveal Blockpass' integration with Matic - the scaling solution for public blockchains. Providing fast, efficient, and...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.