Adding Staking Services for Seven Different Crypto Assets on Binance US
Seven digital currencies are currently available with annual percentage yields (APYs) up to 18%, according to Binance US, which is now providing crypto staking services. Proof-of-stake (PoS) cryptocurrencies like Binance Coin, Solana, Avalanche, LivePeer, Graph, Cosmos, and Audius allow users to earn yields. Binance US announced on Twitter that it is now a part of the wide range of cryptocurrency exchanges that provide staking services. The firm announced on Tuesday that it had “officially begun staking, enabling consumers to do more with their money.” Customers can now stake while earning up to 18 percent annual percentage yield (APY), which is the highest return among U.S. crypto firms, according to the exchange.
The seven different crypto assets that Binance US is now providing staking services for are BNB, AUDIO, AVAX, SOL, ATOM, LPT, and GRT. According to Binance US, BNB now has an annual percentage yield (APY) of about 6.4 percent, while LPT has an 18 percent staking return. Binance US responded, “Yes,” to a question on Twitter asking if users may “expect more options in the future.” Continued later The American affiliate of Binance, which is the largest cryptocurrency exchange in the world based on trade volume. The exchange, which was established in 2017, stopped serving Americans in 2019 and soon after announced the subsidiary Binance US. Although Binance is the largest cryptocurrency exchange in the world by volume, as of this writing, Binance US is ranked as the fifteenth largest. SEC (Securities and Exchange Commission) investigation into parent firm Binance is apparently underway, according to people with knowledge of the situation who spoke with Bloomberg. Whether or if Binance Coin (BNB), a cryptocurrency asset, is an unregistered security is the subject of the supposed investigation.