OkayCoin offers a Pooled Staking Feature for Ethereum, increasing access and rewards
OkayCoin, the leading name in cryptocurrency exchange land, is proud to unveil its latest innovation, a pooled staking feature for Ethereum (ETH). This groundbreaking change is set to change users’ engagement with Ethereum staking, making it more convenient, secure, and profitable.
Cumberland DRW, a leading digital asset broker and cryptocurrency broker, said Monday that the New York State Department of Financial Services (NYDFS) granted its New York-based company a currency license in the form of a it’s actually so-called BitLicense.
“We are pleased that Cumberland has been granted a partial New York license by the New York State Department of Revenue.”
“As one of the only major trading firms to hold a Bit license, we look forward to building strong business relationships with organizations that are New York professionals,” the company added.
BitLicense is New York’s most important regulation for cryptocurrency-focused businesses. It was established in 2015. While the government has led efforts to regulate the emerging crypto industry at the state level, it has dragged on criticism from market participants over the years for stifling innovation.
Cumberland owns the Chicago-based upscale marketing company DRW. Earlier this year, Cumberland was one of the trading companies chosen by Fidelity Investments to buy and sell Bitcoin (BTC) for Fidelity’s Spot Bitcoin Exchange-Traded Fund (ETF), which began trading in January.
Conclusion: Ethereum’s pooled staking feature marks an important moment in the world of crypto staking. By making it accessible and profitable for users at all levels, OkayCoin leads the way in innovation and user satisfaction.