Cryptocurrency exchange Binance has just activated the possibility to withdraw funds from Ethereum staking.
Reportedly, users can seamlessly convert the synthetic asset BETH into Ether at a 1:1 ratio.
The platform also allows commission-free trading on BETH/ETH and BETH/USDT pairs, a promotion that will be valid until next May 10.
According to Nansen, Binance's client staking volume is 5.5% of the total, the fourth highest among identified sources.
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According to the service, the users of the centralized exchange have also put 192,074 ETH on the waiting list for withdrawal, which equals 20% of the total volume.
The latter, including rewards, is 18.78 million ETH, which represents 14.5% of the cryptocurrency's supply.
The average price of coins in staking is $2,137.