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Following Robinhood Deal Announcement, Bitstamp Launches Ethereum, Cardano Staking in UK

  • Bitstamp has launched Ethereum (ETH) and Cardano (ADA) staking services in the UK through its new Bitstamp Earn Staking service.
  • UK customers can stake ETH directly via their Bitstamp accounts, with staking being automatically enabled for ADA deposits, offering returns up to 3.10% APY for Ethereum and 1% for Cardano.
  • The UK Treasury's regulatory changes in January 2025 provided legal clarity for staking activities, allowing exchanges like Bitstamp to offer staking without traditional fund management challenges.
  • Bitstamp plans to distribute rewards on a weekly or monthly basis, with no lock-up periods imposed by Bitstamp, though staking networks may have their own terms and fees.

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