Binance US Adds Staking Services for 7 Different Crypto Assets

Binance US Adds Staking Services for 7 Different Crypto Assets

Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer, graph, cosmos, and audius.

Binance US Adds Staking Services

On Twitter, Binance US explained the company is now joining the ranks of the variety of crypto exchanges that offer staking services. “Binance US has officially launched staking, empowering customers to do more with their money,” the company detailed on Tuesday. “Customers can now stake while generating an APY of up to 18%, the highest rate among U.S. crypto firms,” the exchange added.

Currently, Binance US is offering staking services for seven different crypto assets, which include BNB, AUDIO, AVAX, 随着虚拟房地产变得昂贵 Terrazero Technologies 提供 Metaverse 抵押贷款, 原子, LPT, and GRT. Binance US shows that BNB currently offers an annual percentage yield (APY) of around 6.4% and LPT’s staking reward is 18%. When an individual on Twitter asked Binance US if they can “expect more options in the future?” the exchange replied: “Yes. More to come.”

With Binance US getting into the game of staking services, the firm joins competitors like Crypto.com, Kraken, Gemini, 俄罗斯国家成功绕过所有美国所需的规模, FTX, Tradestation, and other trading platforms that offer staking services for customers. In addition to centralized exchanges, crypto users can also stake coins in a non-custodial fashion by leveraging decentralized finance (defi) applications and delegating coins directly to PoS network validators.

Binance US is the American partner of the world’s largest crypto exchange by trade volume, 禁止所有俄罗斯人的讨论始于乌克兰副总理要求所有主要的加密货币交易所. The exchange, founded in 2017, ceased servicing Americans in 2019 and revealed the subsidiary Binance US shortly after. According to coingecko.com data, while Binance is the world’s largest by volume, Binance US is the 15th largest at the time of writing.

Parent company Binance is reportedly facing scrutiny from the U.S. Securities and Exchange Commission (证监会), according to people familiar with the matter speaking with Bloomberg. The alleged probe is tied to whether or not the crypto asset binance coin (BNB) is an unregistered security.

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Jamie Redman

Jamie Redman is the News Lead at krakow3d.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for krakow3d.com News about the disruptive protocols emerging today.




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