Binance launches stacking platform

Posted 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.

Previous story

30 September, 2019 11:30

← Cardano network to add staking option for ADA holders

The Cardano network is reportedly going to expand the range of services available for its users in the near term. The news was announced by Charles Hoskinson, CEO of IOHK during the Cardano Summit Bulgaria.

Cardano network to add staking option for ADA holders

Next story

27 September, 2019 15:00

CEO Morgan Creek sees no reasons to sell bitcoin now →

Investment manager Mark Yusko has told, while the price of Bitcoin can go up and down, year-on-year growth gives a solid reason to buy and not sell it.

CEO Morgan Creek sees no reasons to sell bitcoin now
Write a comment
 
Prove you’re not a bot + 7 = 19