We are pleased to announce today that Algorand (ALGO) is now added to Crypto.com Soft Staking, allowing Crypto.com Exchange users to enjoy up to 2% p.a. on ALGO deposited to and held in the Exchange. With the new addition of ALGO, Crypto.com Soft Staking now supports 19 cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, LTC, EOS, XLM, ATOM, MCO, CRO, LINK, XTZ, BCH, VET, ICX, ADA, ENJ and ALGO.
With Crypto.com Soft Staking, rewards are offered on a flexible term, and no commitment period is required. Interest is paid daily in the respective cryptocurrency, and funds placed in pending orders and CRO used to subscribe for events on the Syndicate are also included.
The maximum balance to which the interest is applicable is determined by CRO staking level of users:
To start earning rewards, simply login to the Crypto.com Exchange, click the “Stake & Earn” tab, then navigate to the Soft Staking menu, where you will be able to activate the interest payments. Please refer to the FAQ for the minimum staking amount by coin and their respective interest rates.