Xverse Launches Bitcoin Self-Custody Staking Service

Xverse has launched a joint Bitcoin staking service, allowing users to pair sBTC with STX tokens to participate in the Stacks PoX-5 lock-up period. During the staking period, Bitcoin assets remain on the Bitcoin mainnet, controlled by the users themselves, without the need for cross-chain or wrapping. This feature requires an upgrade to the Xverse v2.9 wallet. Registration will close on September 9 or when the quota is filled, with staking rewards expected to be distributed starting September 10 (Bitcoin block 966350, corresponding to Stacks cycle 143). Institutions such as UTXO (a subsidiary of Nakamoto Inc.), HashKey Cloud, and 21shares have joined as anchor participants. Previously, Xverse managed approximately 152 million STX in non-custodial staking.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.