Coinone Plus, 1Q Staking Investment Smooth Sailing... Customer Count Up 72% YoY

[Asia Economy Reporter Lee Jung-yoon] Domestic cryptocurrency exchange Coinone disclosed the first-quarter performance of its virtual asset reward income generation platform, 'Coinone Plus,' on the 21st. Since introducing staking for the first time in Korea in 2019, Coinone Plus has been driving the growth of staking in Korea through various products and stable services.

In the first quarter of this year, the number of Coinone Plus users was recorded at 76,869, a 72% increase compared to the same period last year. Additionally, the total reward amount paid by Coinone Plus in the first quarter reached approximately 1.97 billion KRW, with the cumulative reward amount as of the 31st of last month reaching about 80.2 billion KRW.

Coinone Plus currently operates a total of 10 products, including seven daily products (ATOM/LUNA/TRX/KLAY/KAVA/QTUM/CTSI) and three staking products (XTZ/ATOM/KLAY). Among these, participation in the Klaytn (KLAY) daily product was the highest in the first quarter of this year. On average, 44,646 people participated monthly in Klaytn Daily, followed by Tron (TRX) Daily with 13,220 participants and Tezos (XTZ) staking with 4,324 participants.

The Coinone Plus product with the highest average monthly yield in the first quarter was the Cartesi (CTSI) Daily. Participants in Cartesi Daily received an average monthly reward of 5.92% of their participation amount.

Cha Myung-hoon, CEO of Coinone, stated, "As investors' cryptocurrency investment experience and knowledge have become richer recently, investment needs, which were previously focused solely on simple trading, are also diversifying." He added, "As an exchange that reflects blockchain market trends in its services the fastest, Coinone plans to gradually diversify Coinone Plus products in the future."

This content was produced with the assistance of AI translation services.