Fun

Binance US Adds Staking Services for 7 Different Crypto Assets

News Feed - 2022-06-08 11:06:09

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, SOL, ATOM, 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, Coinbase, 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, Binance. 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 (SEC), 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. Tags in this story atom, AUDIO, audius, Avalanche, AVAX, Binance, binance coin, Binance.us, bnb, Cosmos, Exchange, exchange volume, graph, GRT, livepeer, LPT, PoS, Proof-of-Stake, Services, SOL, Solana, staking, staking services


What do you think about Binance US offering staking services? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.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 Bitcoin.com News about the disruptive protocols emerging today. Checkout.com Reveals Merchants Can Accept and Make Payments in USDC NEWS | 5 hours ago Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins NEWS | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000 Next articleBiggest Movers: LINK Remains Near 1-Month High, as ADA Extends Bull Run Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Mad Lads’ Backpack Exchange closes $17 million Series A led by Placeholder VC
Zoltan Vardai11 hours agoMad Lads’ Backpack Exchange closes $17 million Series A led by Placeholder VCThe funds will be used to continue the exchange’s global expansion and further improve products, its founder told
Arijit Sarkar1 hour agoUnibot contract $560K exploit crashes token price by more than 40%Amid ongoing investigations from Unibot and blockchain investigators, Scopescan advised users to revoke the approvals for the explo
Canada Launches First Staking-Enabled SOL ETFs, Here’s Why Solaxy Is Key to SOL’s Future
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound
Federal Reserve governor Lael Brainard delivered a sharp critique of Libra on Wednesday, stating the Facebook-led project would need to resolve a number of regulatory hurdles before going live.
Uniswap DEX to launch web wallet extension
Zhiyuan Sun5 hours agoUniswap DEX to launch web wallet extension"No more pop-ups. No more transaction windows," developers wrote.982 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto h
Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment
Bitcoin"s Rise Driven by Institutional Trading, Says Research and Investor SentimentThe cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explai
Ana Paula Pereira2 hours agoVanEck amends application for spot Bitcoin ETFVanEck joins the group of asset managers updating applications for a spot Bitcoin ETF in the United States.3187 Total views7 Total sharesListen to
William Suberg17 hours agoBitcoin price dives 2% on US jobs data as Fed rate hike bets heat upBitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payroll numbers, with BTC price staging a strong reco
Market Update: Bulls Return, 120 Million Tethers Minted, Bitcoin Halving Looms
Market Update: Bulls Return, 120 Million Tethers Minted, Bitcoin Halving Looms On March 20, cryptocurrencies jumped in value erasing some of the losses that took place over the c
Turner Wright2 hours ago3AC co-founder avoids contempt charges following evidence of Singaporean citizenshipLawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to
Most profitable crypto sectors in first half of 2024 revealed
Vince Quill1 hour agoMost profitable crypto sectors in first half of 2024 revealedBlockchain gaming, decentralized finance, and layer-2 platforms lagged behind newly emerging sectors and the current memecoin frenzy.731 T
Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver
Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver During the first week of April, the publicly-listed gaming and internet com