Binance Enables Withdrawal Function for ETH Staking
Main page News, Ethereum, Cryptocurrency Exchanges, Binance

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.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

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.

Read also:
Please describe the error
Close