Japan’s cryptocurrency exchange Coincheck announced the launch of a new service for Ethereum , “Coincheck Staking,” which is set to debut in January 2025. With the ETH staking feature, users can earn staking rewards for their ETH holding without needing to follow through any special procedures.
Coincheck ETH Staking Service:
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イーサリアムがドンドンもらえる
「Coincheck ステーキング」2025年1月中に提供開始予定🎉
＼特別な手続きや申し込みを必要とせず、CoincheckにETHを預けているだけで、自動でETHがもらえる「Coincheck ステーキング」を2025年1月中（予定）に提供開始！✨️https://t.co/QVdWoeBTPj
— Coincheck(コインチェック) (@coincheckjp) January 9, 2025
As per the official notice, Coincheck Staking is different from the traditional staking process seen in the industry. For instance, when executing a traditional staking, transactions are generally restricted and there is a time period during which assets are locked. However, Coincheck staking permits users to buy, sell, and transfer assets as usual, without any restrictions.
Headquartered in Tokyo, Coincheck allows users to stake a portion of their ETH holdings and shares the rewards earned with them. Users can choose to manage these rewards using compound interest, reinvesting them to optimize asset growth. Initially, the service will only support ETH, but the company plans to gradually add more cryptocurrencies to the platform in the future.
This move follows a wave of announcements from exchanges like Bitbank and Zaif, which have launched their own Bitcoin staking projects. Another Japanese crypto exchange, BitFlyer, has also revealed plans to introduce ETH staking in early 2025. Additionally, Mercoin, too, has unveiled a points program specifically for ETH holders.
Recently, Japan made headlines after officially declining the proposal to introduce a Bitcoin Strategic Reserve, citing the cryptocurrency’s volatility and its incompatibility with the country’s financial frameworks.
Also Read: IRS Declares Crypto Staking Reward Taxable Amid Legal Battle
