On 7th June Binance.US launched a new staking platform, Binance.US Staking, where users can gain APY (annual percentage yield) of upto 18% by investing in a broad set of tokens. This new platform has “auto-restake” feature.
https://t.co/AZwoBOgsqS has officially launched #staking, empowering customers to do more with their #money.
Customers can now #stake while generating an APY of up to 18%, the highest rate among US #crypto firms.
Get Started: https://t.co/hICXZPXKt3 pic.twitter.com/22adTsrcTC
— Binance.US 🇺🇸 (@BinanceUS) June 7, 2022
Binance.US Staking helps in creating additional income from the existing cryptocurrency assets. Users contribute assets to assist the management of a blockchain network, by investing assets on Binance.US Staking. It will offer incentives to the users in the form of tokens that promote longer-term token ownership in the United States.
Staking empower customers, President and CEO of Binance.US
“We’re putting our seed round funding to work and keeping our promise to introduce new products and services that customers want. Staking represents the first of many new innovations that empower consumers to do more with their money,” said Brian Shroder, President and CEO of Finance.US.
With Staking cryptocurrency, user can make passive earnings on their current holdings. Cryptocurrency staking is usually accessible on assets that utilises Proof-of-Stake (PoS) agreement method.
When users stake cryptocurrency, users contribute the holdings to the asset’s Proof-of-Stake (PoS) network. The staked assets are utilized to validate transaction processing, promote decentralized administration, and enhance system security. To encourage staking, the system distributes incentives in the form of block rewards or trading fees obtained from circulating holdings.
Binance.US staking is user- friendly Platform
According to the exchange, Autonomous staking may be tricky, especially in an uncertain market, that’s why Binance.US improves the staking operation with an easy platform that allows consumers to stake and auto-restake in a few clicks.
Avalanche (AVAX), Audius (AUDIO), BNB, Livepeer (LPT), Cosmos (ATOM), Solana (SOL), and The Graph (GRT) are presently available on Binance.US in the United States for staking.
About Binance.US
Binance.US is the unit of the world’s major cryptocurrency exchange by volume in trading, Binance. Binance.US has lower trading costs than rival companies. It has a limited range of digital assets to sell, buy, and trade, and it is not offered in every part of the United States.
