The world’s largest crypto exchange Binance introduced its Ethereum staking service to its US users before the Merge update.
Binance.us announced that it will launch a special staking program for US users in a post shared today. Binance offers its US customers with the Ethereum staking program in question. 0.001 Ethereum For as little as ($1.51) an annual return of 6% (APY) announced that it will begin to offer. Binance.us CEO Brian Shroderyour purposes coinbase and Gemini He stated that it is to surpass the stake APYs offered by competitors such as
The Ethereum Merge update is expected to happen on September 15. Ethereum network after the merge transaction Proof of Work (PoS) system will have transitioned and mining on Ethereum will end completely. At this point, users’ staking Ethereum will be important for the working security of the network.
Swiss SEBA Bank Also Offers Staking Service
With so close to the update, news of staking services from leading organizations started to increase. In this direction, the regulated bank of Switzerland, SEBA Bank, which provides crypto money service, also announced on September 7 that the Ethereum staking service was launched. announced.
Although SEBA Bank has announced that Ethereum lock times will vary according to customer preferences, Ethereums that are locked in the first stage due to the algorithm rule of the network. 2023expected in the second quarter of to Shanghai update It will remain locked in the system until Moreover Users who have staked at least 32 Ethereum they will be included in an active validator (verifier) managed by the bank.