Binance Starts Offering Ethereum Staking in US

Binance is introducing ether (ETH) staking in the U.S.

The cryptocurrency exchange will start offering a 6% annual percentage yield (APY) to its U.S. customers for as low as 0.001 ETH ($1.51) staked.

With staking, users lock up their digital assets to support the running of Proof-of-Stake (PoS) networks.

Binance first started offering staking to U.S. customers in June. Now, it supports the blockchains Cardano (ADA), Polkadot (DOT) and Polygon (MATIC) amongst several others.

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