Binance, the world's largest cryptocurrency exchange by adjusted trading volume, announced yesterday the launch of its staking platform.
According to the press release issued by the exchange on its official website, this new platform will initially support NEO, ONT, VET, XLM, KMD, ALGO, QTUM, and STRAT.
According to the company, the platform will allow its users to obtain rewards and bonuses passively by just storing their funds in Binance.
The announcement states:
"Users will earn staking rewards without needing to set up any nodes, worry about minimum staking amounts, time lengths, or any other technical requirements."
Coinbase Custody, the custody service of the US crypto exchange, announced in March it as adding staking support for Tezos.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.