Binance Launches Ethereum Staking With A 6% APY

In a recent announcement, the exchange stated that Binance had begun offering Ethereum staking on its platform. Holders can earn 6% APY on ETH. The announcement coincides with the upcoming introduction of the Ethereum Merge, which will be a significant milestone for ETH. Ethereum will switch from a PoW mining scheme to a PoS mining system between September 15 and September 20. This improvement will therefore be significantly more environmentally friendly. Introducing ETH #Staking Earn 6% APY on #Ethereum. Lock in your $ETH for next-level rewards with the highest APY among major #crypto exchanges in the US. Grow your portfolio while you wait for Ethereum Proof-of-Stake upgrade to launch. Get Started: https://t.co/m4zCkbj0zn pic.twitter.com/lZfQB6GWGe — Binance.US 🇺🇸 (@BinanceUS) September 7, 2022 Binance Introducing Ethereum Staking The development team of the exchange claims that by introducing staking for ETH, one of the most popular tokens in the world, it is “furthering its commitment to always provide clients with the finest products and services.” For staking through the Ethereum network directly, 32 ETH are needed. On Binance.US, customers can stake, starting from as little as 0.001 ETH. “ETH is essential to the larger Web3 ecosystem. We are delighted to offer ETH staking with some of the highest APY returns in the industry as the Ethereum network continues to migrate towards The Merge. We are working to develop a comp...