Luno, a top crypto platform, has launched crypto staking in Nigeria. This move makes Luno the first active platform in the country to offer staking, giving Nigerians a chance to earn money from their digital assets without trading.
The company announced the new service on July 23, 2025. With this launch, Nigerian crypto users can now earn passive income by locking up their cryptocurrencies on the Luno app.
What is Crypto Staking?
Crypto staking is similar to saving your money in a bank, but instead of earning interest in naira, you earn more cryptocurrency. When you stake a coin, you help a blockchain network run smoothly. In return, the network rewards you with more of that coin.
Luno’s staking service supports four cryptocurrencies:
- Cosmos (ATOM)
- Solana (SOL)
- Polkadot (DOT)
- NEAR Protocol (NEAR)
Users can earn up to 18% annual returns, and rewards are paid out regularly.
Why Luno’s Staking Service Matters
Luno’s new feature comes at a time when Nigeria ranks second in the world for crypto adoption. Many young Nigerians use digital currencies because they have limited access to traditional banking. Luno’s staking option gives them a safer and easier way to earn money with crypto.
Ayotunde Alabi, CEO of Luno Nigeria, said the launch gives Nigerians “a secure, compliant way to grow their wealth.” He believes it’s a major step forward for safe crypto investment in the country.
Key Benefits for Nigerians
1. Earn Passive Income
Users can earn as much as 18% yearly on staked coins. This is much better than the interest from most savings accounts. It helps users grow their wealth, especially during tough economic times.
2. Easy and Flexible
Unlike other platforms, Luno doesn’t force users to lock their coins for a fixed time. There’s also no minimum amount required to start. Users can unstake and withdraw anytime they want.
3. Safe and Regulated
Luno follows strict rules and protects user funds. The platform keeps crypto on a 1:1 basis and runs regular audits. This makes it a trusted option in a space where scams are common.
4. Diversify Your Portfolio
Staking lets Nigerians earn from more than just Bitcoin and Ethereum. By supporting coins like DOT and NEAR, Luno gives users a chance to try out other promising blockchain projects.
How to Start Staking with Luno
It’s easy to begin.
- Download the Luno app from Google Play or Apple Store.
- Create and verify your account.
- Deposit or buy any supported staking coin.
- Tap the “Staking” section in the app and choose your coin.
- Start earning rewards.
Luno reminds users that all crypto investments come with risks. Prices can go up and down, so it’s important only to stake what you can afford to lose.
Between July 2023 and June 2024, Nigerians moved $59 billion in crypto. With better laws like the new Investment and Securities Act of 2025, the country is creating a safer space for crypto users.
The Securities and Exchange Commission (SEC) recently gave licenses to local crypto firms like Busha and Quidax. These steps show that Nigeria’s crypto industry is becoming more stable and trusted.
Luno has already launched staking in South Africa and Malaysia, where over 150,000 people have staked more than R1.5 billion in assets. Now, it hopes to repeat that success in Nigeria.
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