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AndronETalksNews

AndronETalksNews

Upgrades to the ethereum network could turn crypto staking into a $40 billion industry by 2025, JPMorgan says

Newsbreak

By Harry Robertson

July 2, 2021

Major upgrades to the ethereum network could help turn crypto staking into a $40 billion business by 2025, according to analysts at JPMorgan.

The staking industry – in which users earn cryptocurrency by putting up their own tokens to validate transactions – is currently worth around $9 billion, JPMorgan analysts, led by Kenneth Worthington, said in a note on Wednesday.

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