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Wealthsimple Launches Staking Services For Ethereum And Solana

Published date:

February 2, 2026

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Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Editorial Process and Risk Warning.

Canadian investment firm Wealthsimple added support for staking Ethereum and Solana assets.

Incredibly proud of our entire Crypto team for launching the first regulated Staking platform in Canada!

We continue to push the boundaries of crypto innovation and have lots more in store :) https://t.co/LaKX62hwN9
— Danish AjmΞri (@dajmeri) October 26, 2022

Wealthsimple’s Ethereum staking product provides rewards up to 3% APY. It requires users to deposit a minimum of 0.01 ETH ($15) before they can begin staking.

Currently, it is impossible to un-stake Ethereum assets. This feature will be available once the Shanghai update releases in 2023.

There is a delay in rewards (called warm-up period) the first time when users stake their assets with Wealthsimple. Ethereum has a warm-up period of 14 days. After that, rewards are paid out every 7 days.

Wealthsimple has a lower minimum deposit amount of 0.02 SOL ($0.6) for staking Solana. The reward earned by staking Solana is 3.5% APY after deducting a 30% staking fee.

The firm provides a shorter warm-up period of 4-8 days for staking Solana and pays out subsequent rewards every 2-3 days.

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Wealthsimple provides Ethereum staking using Coinbase's validator nodes. Its Solana staking product operates via the validator nodes operated by Staked, a crypto platform that was acquired by Kraken in 2021. Danish Ajmeri, Wealthsimple‘s Head of Crypto, claimed that the firm will add more validators in the future, adding,

“Validator diversity is very important to us!”

It is worth noting that Wealthsimple does not protect investors from the slashing risks associated with staking Ethereum.

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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