Hanbitco launches annual 12% staking interest program for crypto
The continued fall in the rate of U.S. interest had led to a low interest rate of 1% ~ 2% in savings at banks. Even the best interest rate in crypto currency is only at 6% according to CoinMarketCap data.
Those who don’t have the suitable investment are driven to invest in banks. Amid the low growth and low interest rates, Hanbitco is the first Korean exchange to launch Bitcoin deposits for crypto users.
Currently, only Bitcoin is provided as a staking product in beta version, but additional support will be provided in Ethereum (ETH), Ripple (XRP), EOS, and Tether (USDT).
Bulldax Short-Term Staking Benefits
1. Up to 12% annual interest| Additional 2% to the basic 10% return (on annual basis)
2. The new KRW Market Account is provided to the Bulldax participants first.
Detailed schedule and information will be released on November 26.
“Is Hanbitco an exchange I can trust to put my assets in?”
1. “Hanbitco” Korea’s №1 security exchange
In July, Hanbitco ranked on the worldwide rank the 20th , and in Korea the 1st security in the cryptocurrency exchange. Security inspection was conducted by Haken. Haken measured CSS based on four stations: Server Security, User Security, Crowdsourced Security and Historical Cases. In the local exchanges, Hanbitco ranked 20th, Coinone 31st and Upbit 38th. In addition, Hanbitco continued to strive to protect its customer assets by obtaining ISMS certification, which banks and brokerages must certify.
2. Funding power from financial backgrounds + 1st generation cryptocurrency exchange development team
Members of Hanbitco have worked in the blockchain sector since 2015, including NH Securities, JP Morgan and Merrill Lynch.
With financial experts and members of the nation’s first cryptocurrency exchange Korbit, We founded Hanbitco.
https://paxnetnews.com/articles/53827
3. Kim Sunga, CEO of Hanbitco, was elected chairwoman of the Exchange Committee for Korea Blockchain Association(KSA).
KBA held a meeting of the Korea Exchange’s committee on September 17 and reported that Kim Sunga was appointed as its new chairwoman. Hanbitco CEO Kim Sunga, who became chairwoman of the exchange committee, is conducting the important task of coordinating the interests of the exchanges, representing the positions of the exchange and communicating with the government and financial authorities. She stated that she will focus on ‘legalization’ and ‘business’.
“In the oversea markets the exchange business is active and diverse. However, due to regulations and other reasons, Korea’s exchanges are limited. Our goal is to overcome those limits by diversifying and expanding our enterprise.
