27 September, 2019
The Binance platform announced the launch of a staking platform during the transaction process. According to the head of the exchange, Changpeng Zhao, users will not need to do anything to connect the service, since it now works by default. It is enough just to continue to carry out operations.
The developer noted that in order to receive a reward, the user will not need to install additional software. The minimum amounts and terms of withdrawal of funds will be generated automatically, and information about them will immediately go to each user's personal account.
Staking support previously appeared in the Castinoid division of Coinbase. The first PoS project was Tezos. Also, on the Binance platform, the coin is not available for stacking. According to Zhao, the first two months, specialists will study the prospects of the option, after which it will undergo an update.
Staking can become an additional income tool for traders during a bearish mood in the cryptocurrency market.