Delio Expands Its Crypto-Banking Services
In a move that’s shaking up the crypto finance scene, Delio has joined forces with Blockdaemon to unveil retail-focused staking services. This partnership allows customers to have a more streamlined experience earning rewards on their digital asset holdings—think of it as giving your crypto a cozy little interest-earning blanket!
The Mechanics of Staking
Staking involves locking up a certain amount of cryptocurrency to participate in the network operations of a blockchain. In return, participants earn rewards, making it a popular choice among crypto enthusiasts looking to boost their portfolios. Delio’s new service expands beyond their existing offerings of lending, deposits, and deposit accounts.
Unleashing Potential with Blockdaemon
Blockdaemon is not just a pretty face in the blockchain world; it’s a powerhouse, supporting integration with over 60 different blockchains. While Delio hasn’t spilt the beans on which specific crypto assets will be included in their staking services, the options are vast, which means customers can expect a variety of choices that could keep their portfolios spicy.
Delio: The South Korean Trailblazer
Founded in 2017, Delio has quickly made waves in the South Korean market. After snagging a Virtual Asset Service Provider (VASP) license from the Korean Financial Intelligence Unit, they made history by becoming the first crypto entity in the region to provide lending and deposit services under this license. High five, Delio!
A Thriving Scene in Korea
Korea is proving its mettle in the global crypto landscape. The fifth annual Korea Blockchain Week recently kicked off, attracting over 7,000 participants, making it Asia’s largest blockchain event of 2022. Even amidst market chaos—looking at you, Terra—Korea remains an influential player. President Yoon Suk-yeol is looking to roll out the red carpet for digital assets, pushing for quicker reviews of crypto-focused legislation. Who says crypto can’t thrive in the chaos?
The Future Looks Bright
With Delio looking to extend its offerings to users beyond Korea, there’s plenty of excitement on the horizon. As more companies venture into staking and expanded crypto services thanks to partnerships with firms like Blockdaemon, both investors and casual crypto enthusiasts are in for a treat. Buckle up, folks; the crypto rollercoaster is just getting started!
