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Press Release

BTC Plummets Below $5,000; Users Turn to Staking 

Reading Time: 2 minutes by on March 19, 2020 Press Releases

Bitcoin currently hovers around the $5,000 mark. With financial markets crashing left and right, crypto advocates and detractors alike continue to debate the future trajectory of crypto prices. The volatility in crypto has made it harder for new users looking to make their first purchase or trade, a factor that affects the rate of mainstream adoption.

Users Join the Staking Bandwagon 

Many turn to staking as an effective way to continually earn passive rewards on their holdings without running the potential risk of breaking the bank to minimize the impact of crypto prices. The staking market has seen major maturation and currently sits at an all-time high of over $8 billion, galvanized by exchanges fully embracing this incentives model. 

ProBit Exchange provides unique staking features centered around Trade Mining, which enables users who have 100,000 PROB staked to attain the VIP 6 membership level and unlock 100% trading fee refunds for BTC, XRP, and ETH complemented by well-rounded trading fee discounts.

With respect to the trading pairs for which Trade Mining is not applicable, trading fees are as low as 0.03% when such fees are paid in PROB depending upon VIP membership level determined by the PROB staking amount. The low trading fees are unprecedented in the market and a considerable financial boon for the more active traders.

PROB staking also generates passive PROB rewards calculated at 4% per annum on PROB staking amount, which are distributed daily to PROB staking accounts through the Stake Mining Program. Furthermore, PROB staking accounts receive referral bonuses and get access to ProBit Exchange’s staple trading competitions.

PROB was consistently included among CryptoDIffer’s Daily Gainers as one of the top ROI beneficiaries throughout mid-March, speculating a correlation between the surging price and lessening competition in the face of the recent crypto regulations in Korea. The last time rival company Upbit got hacked, PROB tokens mooned more than 30% in just minutes.

ProBit Exchange’s staking events have also become widely endorsed by projects looking to incentivize users through a passive staking revenue with the most recent Castweet event that was completed barely a week after launching due to popularity and several more still running as of press time. 

Stake PROB tokens here now.

ABOUT PROBIT EXCHANGE

ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 300 trading pairs – one of the highest in the market.

ProBit Exchange Key Figures

300,000+ monthly active users

2,500,000 monthly web visitors

40,000,000 users on partnering aggregators and wallets such as CoinMarketCap

Global outreach in 8 key languages & markets provided

Join our active programs and get a multitude of benefits!

Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee

Trade Mining: Stake 100,000 PROB and get back 100% of trading fees in PROB when trading BTC, ETH and XRP

Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum 

Referral Program: Earn 10-30% of trading fees for referring friends to ProBit

ProBit Global: www.probit.com

ProBit Korea: www.probit.kr

ProBit Telegram: https://t.me/ProbitEnglish

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