The US branch of Binance has jumped on board the token-staking bandwagon, offering its customers rewards for staking ALGO and ATOM coins.
Binance.US has taken a page out of its Malta-based mothership’s playbook and jumped in the staking game.
The San Francisco-based cryptocurrency exchange announced earlier today that it is set to launch token-staking rewards on its platform next month. Starting with Algorand (ALGO) and Cosmos (ATOM), Binance.US customers will now be able to stake their crypto stashes and earn interest on those holdings, which will be distributed to their accounts monthly.
“I believe that one of the key components of America’s pathway to economic freedom is to reward users for being a part of a community that is better suited than traditional platforms in terms of the future of money and money management,” said Catherine Coley, CEO of Binance.US, in a statement. “Staking is just one of the many attractive ways we are bringing new people into the digital asset marketplace.”
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