Within 10 days of launching crypto staking on Nov. 28, 10 per cent of the Toronto-based platform’s monthly active users opted in to the service, Bitbuy said in a release. (The Logic)

Talking point: Many are predicting the end of centralized crypto exchanges following the collapse of FTX, but the strong uptake suggests a vote of confidence in Bitbuy. Crypto staking is a process that lets those who hold digital assets lock them up for a period of time, contributing to the operation and security of a crypto protocol in exchange for rewards. While Bitbuy lets stakers unlock and withdraw their crypto any time—with the exception of Ether—staking suggests users intend to hold onto their crypto and keep it on the platform. There may be fewer users overall on Bitbuy’s platform than a month ago, however. The platform experienced a surge in volume on Nov. 10, the day before FTX filed for bankruptcy, according to CoinGecko data. A spokesperson for Bitbuy declined to confirm if the volume spike that day reflected users withdrawing their assets.