In July 2022, CoinTrade cryptocurrency marketplace, operated by group company Mercury, launched CoinTradeStake staking service, which allows for cryptocurrency (blockchain) asset management. Efforts are being made to expand the scale of the service, including expanding target brands and improving convenience.
Staking is only possible with cryptocurrencies that use a proof of stake (PoS) consensus algorithm. It does not require a large amount of electricity or high performance computers as is the case with the proof of work (PoW) consensus algorithm used by Bitcoin and similar cryptocurrencies. Therefore, it is a service with a low environmental burden.