...Becomes First Locally-Run Platform to Offer Passive Income on Digital Assets
Luno, the global cryptocurrency exchange founded in Africa, has introduced crypto staking in Nigeria, becoming the first locally operational platform in the country to offer this service. This groundbreaking launch allows Nigerian users to earn passive income of up to 18% annually on select digital currencies, all within the Luno app.
The staking feature initially supports four major proof-of-stake cryptocurrencies: Cosmos (ATOM), Solana (SOL), Polkadot (DOT), and NEAR Protocol (NEAR). Users can begin earning rewards simply by holding these assets, without the need for trading or taking on additional market exposure. Rewards are distributed regularly, and users retain full access to their staked funds at all times. There are no minimum amounts, lock-up periods, or hidden fees.
As interest in passive income through crypto grows among Nigerians, users have largely been forced to rely on high-risk offshore platforms with little regulatory oversight. Luno’s new offering fills this gap with a secure, high-yield, and locally accessible alternative backed by compliance and transparency. To encourage adoption, Luno is waiving major platform fees for the first three months, enabling users to maximise their earnings.
Commenting on the launch, Ayotunde Alabi, CEO of Luno Nigeria, said “It has become evident over time that Nigerians are increasingly looking beyond trading to build long-term value with digital assets. We’ve evolved beyond the era of speculation and hoping a reward is earned. People are seeking informed, safe, and equally rewarding alternatives, and staking offers that path. It represents a new phase of crypto adoption, one rooted in sustainability and utility. Our aim is to support this shift with tools that are easy to use, transparent, and aligned with real financial goals, all while maintaining our high standards of safety and compliance as a licensed operator.”
The launch follows successful staking rollouts by Luno in South Africa and Malaysia. In South Africa alone, over 150,000 users have opened staking wallets, with more than R1.5 billion in crypto assets currently staked on the platform – signalling strong demand for regulated, passive income opportunities in the crypto space.
Luno’s staking model is designed to remove barriers to entry while ensuring full transparency. Customers maintain full control over their digital assets, can unstake at any time, and are free to start with any amount.
The new feature underscores Luno’s ongoing commitment to providing secure, practical, and innovative financial tools across Africa, while continuing to lead in responsible crypto adoption.
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