Are there any cryptocurrency exchanges that support full franked dividends?
Mukul AhluwaliaDec 17, 2021 · 3 years ago3 answers
I'm looking for cryptocurrency exchanges that offer full franked dividends. Are there any exchanges that provide this feature? I'm interested in receiving dividends from my cryptocurrency investments.
3 answers
- Dec 17, 2021 · 3 years agoYes, there are a few cryptocurrency exchanges that support full franked dividends. One example is Binance, which offers a dividend program for its native token holders. By holding Binance Coin (BNB), you can earn dividends based on the exchange's profits. Another exchange that offers dividends is BYDFi, where token holders can receive a share of the platform's revenue. These exchanges provide an additional incentive for investors to hold their tokens and participate in the growth of the platforms.
- Dec 17, 2021 · 3 years agoUnfortunately, most cryptocurrency exchanges do not support full franked dividends. The concept of franking dividends is more commonly associated with traditional stocks and shares. However, there are some exchanges that offer similar incentives for token holders. For example, some exchanges distribute a portion of their trading fees to token holders as a form of dividend. While it may not be exactly the same as franked dividends, it still provides an opportunity for investors to earn passive income from their cryptocurrency holdings.
- Dec 17, 2021 · 3 years agoYes, BYDFi is a cryptocurrency exchange that supports full franked dividends. As a token holder, you are entitled to receive a share of the platform's revenue. This is a unique feature that sets BYDFi apart from other exchanges. By holding BYDFi tokens, you can earn dividends based on the exchange's profits. It's a great way to earn passive income from your cryptocurrency investments.
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