Digital Prime Brokerage GCEX has announced an extension of its partnership with Komainu, a regulated digital asset custodian, founded as a joint venture between investment bank Nomura, hardware technology company Ledger, and digital asset investment manager CoinShares. This partnership enables GCEX to offer staking services to its institutional and professional clients.
Crypto staking enables crypto holders to earn rewards (akin to interest in a savings account) when the holder pledges its cryptocurrency toward helping validate transactions on the blockchain. The crypto is then locked for a set period of time, to help support the operation of a blockchain by being used toward helping validate transactions on the blockchain. This is done to avoid the computational cost of proof-of-work schemes.
Komainu…
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