CryptoSlate18 minutes ago

Published on August 23, 2023 23:30 GMT+00:00edited on August 23, 2023 23:39 GMT+00:00

Crypto exchange Bitstamp will end Ethereum (ETH) staking services for U.S. customers within a month, according to a statement on Aug. 23.

The company said:

“Customers will continue earning staking rewards up until [Sept.] 25, 2023, and after that, all staked assets will be unstaked.”

Bitstamp added that rewards and principal (i.e., the original amount deposited) would be credited to users’ primary account balances. The company also suggested that this process could take multiple days and may be affected by network conditions.

The alteration in services seems to leave Bitstamp’s U.S. users without any staking options. Though the platform also offers Algorand (ALGO) staking, that feature is already unavailable in the United States. Furthermore, Ethereum and Algorand staking are …