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Japan’s SBI Shares First Staking Rewards For ADA, DOT, & AVAX, Sparks Outcry From U.S. Crypto Investors

Japanese crypto exchange SBI VC Trade, a subsidiary of SBI Holdings, announced the distribution of its staking rewards to customers yesterday.

The firm made this known in a press release announcing rewards for staked Polkadot (DOT), Cardano (ADA), and Avalanche (AVAX), setting annual rates at 13.9%, 2.6%, and 5.2%, respectively. Conversely, Tezos (XTZ) holders will have to wait till March 15 for staking rewards. SBI VC Trade attributes the delay to a lag caused by “XTZ specifications.”

The latest development has sparked outcries among crypto investors in the United States who believe they are being locked out of these opportunities due to the U.S. Securities and Exchange Commission’s latest crypto enforcement actions. 

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