Binance, the crypto exchange, offers support for Ethereum 2.0
All crypto enthusiasts have been talking about the new Ethereum 2.0 that has recently made its entry into the market with several exciting features. However, 'where to trade?' still stands as a concerning factor for people.
Binance, the renowned crypto exchange platform, has now brought support for ETH 2.0 staking to help people out. The primary aim of Binance is to become one of the most preferred stages for ETH 2.0 staking. For the same reason, it is providing its users with a number of benefits, including:
- Up to 20% Annual Percentage Yield (APY)
- Pays for validator building users
- Redistribution of on-chain gains to users
- On-chain forfeiture and penalty risk-bearing
Along with all these, the announcement also notified a 'participate and win double reward' activity for ETH 2.0 staking. The details explained the activity as,
"During the activity, all users with completed KYC verification will receive an additional BNB reward equivalent to BETH while also earning the staking rewards. The users' rewards during the activity = the BETH rewards obtained by staking ETH + equivalent BNB to BETH income."
With all these benefits for the users, it will become more convenient for Binance to achieve its aim with ETH 2.0 staking.