Luno Becomes First Locally Operational Crypto Platform in Nigeria to Introduce Staking for Passive Income
In a landmark move for the Nigerian crypto market, Luno, the Africa-founded and globally active cryptocurrency platform, has launched crypto staking in Nigeria. This marks the first time a locally operational crypto exchange in Nigeria is offering users the opportunity to earn up to 18% passive income annually on select digital assets — all within the Luno app.
What Is Crypto Staking and Why It Matters in Nigeria
Crypto staking allows users to earn rewards for simply holding supported proof-of-stake (PoS) cryptocurrencies — with no need to trade or take on added risk. Nigerian users can now stake the following top assets:
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Cosmos (ATOM)
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Solana (SOL)
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Polkadot (DOT)
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NEAR Protocol (NEAR)
With Luno, staking is made simple:
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No minimum amount required
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No fixed lock-up period
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Rewards paid regularly
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Full control to unstake anytime
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Zero fees for the first three months
This move brings a trusted, local staking solution to a market previously dependent on offshore platforms, many of which lack regulatory oversight.
Why This Is a Game Changer for Nigerian Crypto Users
Crypto investors in Nigeria have long sought safe, high-yield opportunities to grow their digital assets. Until now, staking has remained out of reach for many due to high barriers and unclear terms. Luno’s staking solution closes this gap, offering a secure, regulated, and easy-to-use alternative.
Ayotunde Alabi, CEO of Luno Nigeria, commented on the launch:
“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.”
Success in South Africa and Malaysia Sets the Stage
Following successful staking rollouts in South Africa and Malaysia, Luno brings the service to Nigeria as demand for regulated passive crypto income grows. In South Africa alone, over 150,000 customers have activated staking wallets, with more than R1.5 billion worth of assets staked.
How to Start Staking on Luno Nigeria
To begin earning, Nigerian users simply:
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Open the Luno app
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Select any of the supported PoS tokens (ATOM, SOL, DOT, NEAR)
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Choose to stake — no lock-up, no minimum balance, and you can withdraw any time
Staking with Luno gives users peace of mind with transparent rewards, full asset control, and no hidden fees.