The largest cryptocurrency exchange in the world, Binance, announced on Wednesday that users can now stake their ADA (Cardano) on the platform to earn up to 6.1% APY at launch without having to keep their assets locked for an unstaking time to receive rewards. Heads up @Cardano Community! You can now earn 6.1% APY at launch when you #stake $ADA on the best #crypto platform for low fees — and high #staking rewards. Learn more about staking: https://t.co/X6bRvMDM9l pic.twitter.com/gaBbrrFsXQ — Binance.US 🇺🇸 (@BinanceUS) August 31, 2022 Cardano’s Staking Support It should get noted that users can stake between 0.01 and 4,400,000 ADA. Cardano’s ADA joins other products that can stake on the exchange, including AUDIO, AVAX, BAND, BNB, ATOM, LPT, MATIC, DOT, SOL, and GRT. For ADA, the listing on Binance.US is a success. The exchange has over $278 million in trade volume over the past 24 hours, making it the third largest in the US after Kraken and Coinbase. It is also widely renowned for both its security and affordable prices. It’s important to note that Coinbase offered Cardano staking support in March. At its debut, the top exchange gave consumers an APR of 3.75%. Notably, the statement increased the asset’s price from roughly $0.8 to above $1. Cardano Vasil Hard Fork Update It is important to note that Cardano is about to undergo a crucial update known as the Vasil hard fork. Upgrades to the Cardano protocol have historically ...
