BTC Digital Ltd. launched Ethereum (ETH) Staking Services

PRNewswireJanuary 30, 20243 min

Blockchain technology company BTC Digital Ltd. (“BTC Digital” or the “Company”) announced the launch of its Ethereum (ETH) staking services for its customers.

This new venture marks a significant expansion for BTC Digital beyond its core¬†Bitcoin¬†mining operations, extending into transaction validation on the¬†Ethereum¬†blockchain. The move aligns with the Company’s strategic objectives to diversify income sources by participating in the¬†Ethereum’s validator rewards program.

Key features of BTC Digital’s¬†ETH¬†staking services include:

  1. Asset custody provided by¬†Matrixport Technologies Ltd (“Matrixport”): BTC Digital’s collaboration with Matrixport aims to provide secure and reliable asset custody, offering¬†ETH¬†staking services clients peace of mind and safeguarding of their¬†Ethereum¬†holdings.
  2. Diversification and profitability:¬†BTC Digital’s diversification into¬†Ethereum¬†staking aims to create additional revenue to the Company in addition to maintaining its commitment to the¬†Bitcoin¬†ecosystem.
  3. Enhanced returns: Through participation in¬†Ethereum’s validator rewards program, BTC Digital hopes to increase its overall profitability and return on investment.

The launch of the ETH staking service represents a significant milestone for BTC Digital, expanding its horizons in the evolving cryptocurrency landscape.

Alan Peng, CEO of BTC Digital, stated, “We are thrilled to launch our¬†ETH¬†staking operations to validate transactions on the¬†Ethereum¬†blockchain. Our goal is to create new, predictable, and recurring digital rewards by entering another blue-chip digital asset ecosystem. It is worth noting that we will continue to invest and expand our mining operations. We believe that¬†Bitcoin¬†mining and¬†ETH¬†staking are complementary business areas that will enhance our overall profitability and returns. This is an exciting development for BTC Digital, and we expect such business strategies to increase value for all stakeholders in the long run.”

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