According to the CEO of Binance.US, Changpeng Zhao, the company’s US arm has launched cryptocurrency staking. Also, the American division continues to hire more workers. https://t.co/hSHrrlWIfF Launches Crypto Staking and Hiring. https://t.co/6hdN8T8ZDg — CZ 🔶 Binance (@cz_binance) June 7, 2022 Binance.US Opens Cryptocurrency Staking Service The American branch of Binance has launched a staking product. This staked product promises high yields to users who stake their crypto. In addition, the company hopes this offer will outperform those of rival exchanges in the US. The staking service is an offering where customers lock crypto-assets to support PoS networks. However, the exchange platform also benefits from the process. According to Binance.US, users can earn over 18% APY on different tokens. The PoS blockchains that the company supports are Cosmos, Solana, Livepeer, BNB Chain, Avalanche, and Audius. However, the firm noted that it would add more tokens later on. According to the CEO of Binance.US, Brian Shroder, “The aim is to outperform staking APYs offered by Gemini and Coinbase. We want it to stand out in terms of usability and competitive returns.” Shroder says staking ATOM from Cosmos blockchain will give 12.2% APY. However, those with a small market cap, such as Livepeer token, can provide about 18% APY. Binance.US Continues To Hire Workers Despite Market Crisis Presently, Binance.US seems to be in good economic sha...
