Binance US, the American arm of the world’s largest cryptocurrency exchange, has announced the launch of staking for Cosmos (ATOM). Binance US will enable users to stake their Cosmos tokens directly through the exchange, with no minimum amount required and rewards paid out in ATOM every week.
This is big news for the Cosmos network, which has been struggling to gain traction since its mainnet launch in March 2019. The addition of Binance US as a staking provider will no doubt help to increase its visibility and attract more users.
It is also good news for Binance US users, who will now be able to earn rewards on their holdings without having to set up their own staking nodes. Binance US is one of the most user-friendly exchanges in the market, and this move will make it even more attractive to those looking to get involved in staking.
The launch of staking on Binance US comes hot on the heels of similar announcements from other major exchanges, including Coinbase and Kraken. It is part of a wider trend of exchanges offering staking services to their users, as they look to capitalise on the growing interest in cryptocurrency yield farming.
NOTE: WARNING: Binance US staking is not an automated process and requires user input. Users must actively opt-in to participate in staking, which will then be performed manually by the user. Therefore, users must make sure to carefully review all relevant information and terms before opting in.
So far, Binance US has not announced any specific details on how much rewards users can expect to earn from staking Cosmos. However, given that the annual return on Cosmos staking is currently around 7%, it is likely that Binance US will offer a comparable rate.
At this stage, it is not clear whether Binance US staking will be automatic or manual. However, given that the exchange already offers similar services for other cryptocurrencies, it is likely that staking will be automatic and that users will not need to do anything other than hold their ATOM tokens in their Binance US account.
In conclusion, we can say that Binance US Staking is likely to be automatic based on the fact that other similar services are automated on the exchange. This would make it much easier for users as they would not need to do anything other than hold their ATOM tokens in their account.
The addition of Binance US as a staking provider will help increase its visibility and attract more users which can only be a good thing for Cosmos.
8 Related Question Answers Found
As of now, staking is not available on Binance US. This may change in the future, but for now, users will have to look elsewhere to stake their cryptocurrency. This is a shame, as Binance US is one of the most popular exchanges in the United States.
Binance US is a digital asset exchange that allows users to buy, sell, and trade a variety of cryptocurrencies. The exchange is one of the most popular in the world and is available in over 180 countries. Binance US is headquartered in San Francisco, California.
Binance US, the American branch of the world’s largest cryptocurrency exchange, is not currently available to residents of New York. This is due to the state’s stringent licensing requirements for cryptocurrency exchanges. Binance US is a relatively new exchange, having only launched in September of 2019.
Binance US, the American arm of the world’s largest cryptocurrency exchange, does not currently offer staking services. However, this could change in the future as the company continues to expand its operations. Binance first launched its staking platform in 2019, allowing users to earn rewards for holding certain cryptocurrencies.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance US is a US-based version of the exchange. The Binance US app is available for both iOS and Android devices.
As of September 2019, Binance US does require KYC (Know Your Customer) verification in order to use its platform. The process is relatively simple and straightforward, and once completed you will be able to trade on the platform without any restrictions. In order to start the KYC process, you will need to create an account on the Binance US website and then submit some basic personal information.
Binance is the world’s leading cryptocurrency exchange. Based in Malta, the exchange has been in operation since 2017 and is now one of the most popular exchanges in the world with over 10 million users. The exchange allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
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.
