Binance US, the American arm of the world’s largest cryptocurrency exchange, does not currently offer interest on deposited assets. This is in contrast to its international counterpart, which offers a tiered interest system on a variety of digital assets.
However, Binance US CEO Catherine Coley has hinted that the platform may offer staking rewards in the future.
Binance first launched its interest-bearing program on its international exchange in July 2019. The program allows users to earn a return on their digital assets by simply holding them in a Binance account.
Interest is paid out in the same asset that is being staked, and is distributed weekly.
NOTE: WARNING: Binance US does not currently offer any interest-earning services. Any claims to the contrary are false and should be reported to the Financial Crimes Enforcement Network (FinCEN). Please use caution when dealing with any potential third-party service offering interest-earning products related to Binance US.
The program has been successful, with over $1 billion worth of digital assets now being staked on the platform. Binance has also expanded the program to include a wider range of assets, including popular cryptocurrencies like Bitcoin, Ethereum, and XRP.
However, Binance US does not currently offer any kind of interest-bearing program. This is likely due to regulatory reasons, as staking rewards could be considered a form of income and be subject to taxation.
In an interview with The Block, Coley said that “there are definitely plans” to offer staking rewards on Binance US. She added that the platform is “looking into” the possibility of offering other types of incentives for users to hold their digital assets on the exchange.
While Binance US doesn’t currently offer any kind of interest-bearing program, it seems likely that this will change in the future. Staking rewards could be a great way to encourage users to hold their assets on the exchange, and would also provide a boost to the overall adoption of cryptocurrency.
8 Related Question Answers Found
Binance US, the American arm of the world’s largest cryptocurrency exchange, has been operational for less than a year. In that time, it has managed to attract over a million users and become one of the most popular digital asset exchanges in the United States. One of the key reasons for Binance US’s success is its commitment to offering a wide range of features and services to its users.
Binance US is a US-based cryptocurrency trading platform launched in 2019. The platform is operated by Binance Holdings Ltd.
, the world’s largest cryptocurrency exchange by trading volume. Binance US is available to residents of all 50 states and Puerto Rico.
Binance US, the American branch of the world’s largest cryptocurrency exchange, is now live. The launch has been highly anticipated by crypto enthusiasts in the US, as it finally gives them access to one of the most popular exchanges in the world. But is Binance US a good investment?
Binance US is a popular cryptocurrency exchange that allows users to buy and sell various digital assets. The platform is known for its user-friendly interface and wide range of features. However, some users have raised concerns about the legitimacy of the exchange.
Binance US is a digital asset exchange created by international cryptocurrency exchange, Binance. The company launched the US-based exchange in September 2019. Binance US is designed to comply with United States regulations, while providing the same features as the original Binance exchange.
Binance US is a digital asset exchange platform. The platform was launched in September 2019. The exchange is owned by Binance, one of the largest cryptocurrency exchanges in the world.
Binance US, a digital asset marketplace, is operated by BAM Trading Services Inc. and based in San Francisco, California. The company is a subsidiary of Binance Ltd., the world’s largest cryptocurrency exchange by trading volume.
As the world’s largest cryptocurrency exchange by trading volume, Binance has been a pioneer in the crypto space since its launch in 2017. In the years since, the company has built up a solid reputation as a reliable and secure platform for buying, selling, and trading cryptocurrencies. Recently, Binance has expanded its services to include a US-based exchange, Binance US.
