Binance.US today announced plans to discontinue staking rewards for Algorand (ALGO), Cosmos (ATOM), VeChain (VET), and Tezos (XTZ).
All staking rewards accrued from March 20, 2022 to April 20, 2022 will be honored for XTZ, while all staking rewards accrued from April 1, 2022 to April 30, 2022 will be honored for ALGO, ATOM, and VET. However, customers will no longer receive rewards for XTZ starting April 20, 2022, followed by ALGO, ATOM, and VET tokens on April 30, 2022. Please refer to the following table for more information on staking reward distributions.
|
Asset |
Final Accrual Period |
Final Distribution Date |
|
Algorand (ALGO) |
April 1, 2022 – April 30, 2022 |
May 5, 2022 |
|
Cosmos (ATOM) |
April 1, 2022 – April 30, 2022 |
May 5, 2022 |
|
VeChain (VET) |
April 1, 2022 – April 30, 2022 |
May 15, 2022 |
|
Tezos (XTZ) |
March 20, 2022 – April 20, 2022 |
May 20, 2022 |
Why is Binance.US discontinuing staking for ALGO, ATOM, VET, and XTZ?
As part of our ongoing efforts to deliver the best customer experience possible, we regularly evaluate our product offerings to streamline features and bring you even better products and offerings in the near future.
Our decision to discontinue staking for ALGO, ATOM, VET, and XTZ will enable the Binance.US team to focus our efforts on developing exciting new products and features. Stay tuned for new staking announcements coming soon, featuring competitive rates for select cryptocurrencies you love.
Can I still trade, deposit, and withdraw ALGO, ATOM, VET, and XTZ?
There is no impact to trading, deposits, and withdrawals for ALGO, ATOM, VET, and XTZ. Binance.US supports trading on the ALGO/USD, ALGO/USDT, ALGO/BUSD, ATOM/USD, ATOM/USDT, ATOM/BTC, VET/USD, VET/USDT, VET/BTC, XTZ/USD, XTZ/BUSD, and XTZ/BTC pairs.
How do I buy ALGO, ATOM, VET, or XTZ?
You can buy ALGO, ATOM, VET or XTZ using Debit Card, Bank Transfer (ACH), or Wire Transfer on our “Buy Crypto” page, which supports 90+ cryptocurrencies, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), BNB, and more. The team is working to bring even more high-quality token listings to the platform.
Read our guide to learn How to Buy & Sell Crypto.
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Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Please refer to our Terms of Use for more information.