Major crypto exchange Binance.US announced an Ethereum staking program ahead of “The Merge”, with annual percentage yields (APY) of up to 6.0%.
It is the most recent exchange to launch Ethereum staking on its platform, allowing users to begin staking ETH with as little as 0.001 ETH. An amount much more convenient than the 32 ETH needed to become an Ethereum validator.
Staking rewards are subject to change based on the volume of Ethereum transaction fees, among other factors.
Brian Shroder, CEO of Binance.US said, “ETH plays a critical role in the broader Web3 ecosystem, and as the Ethereum network continues to transition towards the Merge, we are thrilled to now offer ETH staking with some of the highest APY rewards in the industry. We continue to build out a comprehensive staking offering that will provide the most value for our customers.”
Also Read: Coinbase Prime Launches Ethereum Staking Prior Merge