Luno Launches Crypto Staking in Nigeria, a First for Local Platforms
- Luno has rolled out crypto staking in Nigeria, becoming the first local platform to do so.
- Users can earn up to 18% annually on select proof-of-stake assets through the Luno app.
- The launch eliminates minimum amounts, lock-up periods, and hidden fees for users.
Luno's entry into the Nigerian market with crypto staking is a significant step towards enhancing local participation in decentralized finance. This move not only addresses the challenges faced by users relying on offshore platforms but also reflects a shift towards more sustainable and utility-focused crypto offerings. The potential for growth in the Nigerian crypto market is immense, and Luno's strategy could set a precedent for other platforms.
