Bitbank launches ETH staking service with 1.78% annual yield

Japanese cryptocurrency exchange bitbank has launched an Ethereum staking service, CoinPost reported. Users can participate by holding ETH in a bitbank account, agreeing to the staking service terms, and enabling reward receipt settings. There is no separate lock-up period, and rewards are paid around 11:00 p.m. UTC every Monday. The estimated annual yield for customers is 1.78%.