RATE Group | Binance’s US Trading Platform to Introduce Staking Rewards
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Binance’s US Trading Platform to Introduce Staking Rewards

03 Feb Binance’s US Trading Platform to Introduce Staking Rewards

Posted at 04:31h in Cryptocurrency News by

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Binance.US, the U.S. cryptocurrency trading platform of major crypto exchange Binance, will introduce staking rewards in February.

According to an announcement published by Binance.US on Jan. 29, staking rewards will be made available for Algorand (ALGO) and COSMOS (ATOM) starting next month.

Staking support for more coins to come

Furthermore, the exchange announced plans to add other Proof-of-Stake (PoS) coins later. The announcement explains that an easy way to access staking “allows more people to earn rewards for contributing to the network by promoting network security, reducing validation costs.”

Furthermore, Binance.US claims to be the first United States marketplace to offer staking rewards for users’ ATOM and ALGO holdings. The firm’s CEO Catherine Coley said:

“Staking is just one of the many attractive ways we are bringing new people into the digital asset marketplace. We consider this another step towards achieving our goal of financial inclusion for an…

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