While US President Donald Trump's XRP, ADA and SOL moves are being discussed in the cryptocurrency market, good news came for 19 altcoins from the American exchange Uphold.
After relaunching crypto staking in the United Kingdom at the beginning of February, major exchange Uphold has now announced that it has relaunched its staking feature in the United States, Cointelegraph reported.
The statement said that starting March 3, 2025, Uphold customers in the US will be able to earn staking rewards on 19 altcoins, including Ethereum.
In 19 altcoins “Ethereum (ETH), Cosmos (ATOM), Casper (CSPR), Kusama (KSM), Polkadot (DOT), Solana (SOL), Songbird (SGB), Injective (INJ), Flare (FLR), Near (NEAR), Zilliqa (ZIL), Aptos (APT), Axelar (AXL), Avalanche (AVAX), Tezos (XTZ), Polygon (POL), Oasis (ROSE), Cardano (ADA) and Hedera (HBAR)”.
Uphold CEO Simon McLoughlin said that part of the decision to restart staking in the US was due to the SEC dropping its lawsuits against Coinbase, saying:
“It’s great to see people who truly understand the technology now in positions where they can influence the sentiment and direction of crypto rulemaking, like Hester Peirce leading the SEC crypto task force and Paul Atkins serving as the prospective new Chairman of the SEC.
Staking is a vital part of blockchain governance and economics. Users should absolutely be able to support and profit from this activity. And with the new blockchain-focused environment in the US, we are happy to once again offer staking services to our US customers.”
*This is not investment advice.
