Advertisement
Canada markets open in 1 hour 54 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7359
    -0.0013 (-0.18%)
     
  • CRUDE OIL

    82.48
    +1.13 (+1.39%)
     
  • Bitcoin CAD

    96,101.41
    +883.74 (+0.93%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,231.60
    +18.90 (+0.85%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,498.25
    -5.50 (-0.03%)
     
  • VOLATILITY

    13.00
    +0.22 (+1.72%)
     
  • FTSE

    7,955.04
    +23.06 (+0.29%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6815
    +0.0010 (+0.15%)
     

Binance launches staking platform with 8 assets

Binance unveiled its new cryptocurrency staking platform on Thursday. The exchange will initially support eight assets: NEO, ONT, VET, XLM, KMD, ALGO, QTUM, and STRAT.

According to Binance, the new platform will enable Binance users "to grow their funds by receiving monthly rewards & distributions simply by depositing and holding funds on Binance."

"Users will earn staking rewards without needing to set up any nodes, worry about minimum staking amounts, time lengths, or any other technical requirements," Binance's announcement reads.

Binance is not the first cryptocurrency exchange to get into the staking game. In late March, Coinbase's custodial service, Coinbase Custody, announced it was supporting staking for Tezos.