- The annual rate of return (APY) for an Ether bet is 6%.
- Binance.US allows clients to contribute as little as 0.001 ETH.
A number of platforms have started installing ETH as the Ethereum network transitions from Proof of Work (PoW) consensus to Proof of Stake (PoS). According to a recent release, cryptocurrency exchange Binance has implemented Ethereum staking to its US branch.
Attractive APY offers 6%
The announcement comes as Ethereum Merge prepares to introduce it in the coming weeks. Ethereum will switch from PoW mining algorithm to PoS between September 15th and September 20th. The corresponding improvement will have a positive effect on the planet’s ecosystem.
The development team said:
“By launching the staking of ETH – one of the world’s most popular tokens – Binance.US reinforces its commitment to always providing customers with the best products and services,”
Live betting on the Ethereum network requires 32 ETH. To compete, however, Binance.US allows customers to contribute as little as 0.001 ETH. The annual percentage return for Ether is 6%.
Brian SchroederThe CEO of Binance.US stated:
“ETH plays an important role in the broader Web3 ecosystem, and as the Ethereum network continues to move towards The Merge, we are pleased to now offer ETH staking with some of the highest reward APYs in the industry. We continue to build a comprehensive staking offering that will provide the most value to our customers.”
Staking on Binance was implemented in June 2022. There are now twice as many digital assets to participate in ADADOT, BNB, BAND and MATIC join the ranks. according to CMCEthereum price today is $1,539.32 USD with a 24-hour trading volume of $19,688,654,841 USD. Ethereum is down 7.12% in the last 24 hours.
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