Announcement of Coincheck Staking
Announcement of the launch of “Coincheck Staking,” which allows users to potentially earn more and more Ethereum!
Application and procedures not required! Service expected to begin in January
Coincheck, Inc. (the “Company”), which operates the crypto asset trading service "Coincheck," which has been "Japan's No.1*" downloaded trading app for five consecutive years, is pleased to announce the scheduled launch of “Coincheck Staking” in January, which will allow users to automatically earn Ethereum (ETH) simply by depositing ETH with Coincheck, without any applications. The Company will release additional details when available.
Although only ETH will be supported at the time of launch, the Company is considering expanding the range of cryptocurrencies in the future.
About “Coincheck Staking”
Staking means earning rewards by contributing to the stable operation of the blockchain by performing certain actions on crypto assets that have adopted the Proof of Stake. Staking Service means a service whereby the Company will perform staking on a quantity of crypto assets entrusted by the customer that the Company will specify as subject to the Staking Service, and grant the customer a portion of the staking reward received as a result of the staking.
※For details on the concept and mechanics of staking, please click here.
“Coincheck Staking” allows users to receive rewards simply by holding cryptocurrencies eligible for staking in their accounts, without any special procedures or applications required.
While individual staking locks the staking crypto asset for a certain period of time, Coincheck Staking does not restrict the transfer or sale of crypto assets covered by the staking service.
By continuing to hold the cryptocurrency rewards from staking, users can invest their assets with the benefit of compound interest. Maximizing the effects of compound interest through medium- to long-term staking provides users with an opportunity to grow their assets.
About Coincheck, Inc.
Coincheck, Inc. operates the crypto asset trading service "Coincheck," which has been “Japan's No.1*" downloaded trading app for five consecutive years. The company's mission is "Making Exchange of New Value Easier" by providing better services based on the latest technology and advanced security measures. Coincheck aims to make the "exchange of new value" created by crypto assets such as Bitcoin and Ethereum, as well as blockchain, more easily accessible to its customers.
About Coincheck Group N.V.
Coincheck Group N.V. is a Dutch public limited liability company and a holding company of Coincheck, Inc., which operates the “Coincheck” cryptocurrency trading service.
Forward-Looking Statements
This press release contains "forward-looking statements." Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical facts and may be “forward-looking statements.”
Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated including the risks discussed in the filings of Coincheck Group N.V. with the U.S. Securities and Exchange Commission. Forward-looking statements may be identified through the use of words such as "expects," "will," “anticipates," “estimates," "believes," or by statements indicating certain actions "may," "could," "should," or "might" occur or similar words or phrases, or the negatives of those words or phrases. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.