Coinone, a leading Korean crypto exchange, has launched the country’s first flexible Bitcoin staking service using the Babylon protocol. This innovative service allows users to stake BTC without lock-up periods, earning BABY tokens as rewards while retaining full control of their assets. The promotion runs until September 7th, offering up to 10 million won in bitcoin rewards to participants.
Unlike traditional staking models that require holding funds for fixed durations, Coinone’s flexible service enables users to deposit, withdraw, and trade Bitcoin freely throughout the staking process. This unique approach caters to both retail and institutional investors who seek yield generation without locking up their assets.
The service is geared towards long-term BTC holders looking for additional income streams while contributing to blockchain security. To promote adoption, Coinone has launched a special launch event until September 7th. Registered users who meet specific requirements (including staking agreement and purchasing at least 100,000 won in Bitcoin) will be eligible for potential rewards.
This innovative development marks Coinone’s leadership in South Korea’s digital asset market as the demand for flexible staking solutions grows globally. The launch also highlights South Korea’s growing prominence in blockchain-powered financial products, bridging traditional exchange services with advanced blockchain protocols, and reflects a continued interest in Bitcoin as a long-term investment.