{"id":35569,"date":"2022-09-08T09:28:11","date_gmt":"2022-09-08T13:28:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=35569"},"modified":"2022-09-08T09:28:14","modified_gmt":"2022-09-08T13:28:14","slug":"binance-introduces-ether-staking-in-the-u-s-ahead-of-merge","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-introduces-ether-staking-in-the-u-s-ahead-of-merge\/","title":{"rendered":"Binance Introduces Ether Staking In The U.S. Ahead of &#8220;Merge.&#8221;"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-binance-will-start-giving-its-u-s-customers-an-annual-percentage-yield-apy-of-6-on-amounts-as-low-as-0-001-eth\">Binance will start giving its U.S. customers an <a href=\"https:\/\/www.google.com\/search?q=annual+percentage+yield&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">annual percentage yield <\/a>(APY) of 6% on amounts as low as 0.001 ETH.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"745\" height=\"563\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-51.png\" alt=\"Binance Introduces Ether Staking In The U.S. Ahead of &quot;Merge.&quot;\" class=\"wp-image-35571\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-51.png 745w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-51-300x227.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-51-150x113.png 150w\" sizes=\"(max-width: 745px) 100vw, 745px\" \/><figcaption>Binance Introduces Ether Staking In The U.S. Ahead of &#8220;Merge.&#8221;<\/figcaption><\/figure>\n\n\n\n<p>The <a href=\"https:\/\/coinscreed.com\/staging\/indonesia-aims-to-have-its-own-cryptocurrency-exchange-by-2022.html\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency exchange<\/a> Binance is adding staking for ether (ETH) in the U.S. This comes before the &#8220;Merge&#8221; of Ethereum.<\/p>\n\n\n\n<p>Binance will start giving its U.S. customers a 6% annual percentage yield (APY) for as little as 0.001 ETH ($1.51), the exchange said Wednesday.<\/p>\n\n\n\n<p>When people stake, they lock up their digital assets to help proof-of-stake (PoS) networks run.<\/p>\n\n\n\n<p>The Merge is when Ethereum will switch from a proof-of-work (PoW) network to a proof-of-stake (PoS) network. This is expected to happen between September 13 and 15. The hope is that moving away from the energy-intensive PoW mechanism will make Ethereum more efficient and scalable, as well as make it more appealing to the general public.<\/p>\n\n\n\n<p>Binance started staking for U.S. customers in June and now supports tokens from <a href=\"https:\/\/coinscreed.com\/staging\/what-are-the-blockchains-used-for-nft-development.html\" target=\"_blank\" rel=\"noreferrer noopener\">blockchains<\/a> like Cardano (ADA), Polkadot (DOT), and Polygon (MATIC), among others. At the time, Binance.US CEO Brian Shroder said the goal was to beat the APYs that competitors like <a href=\"https:\/\/coinscreed.com\/staging\/coinbase-launches-voter-registration-portal-as-part-of-an-education-initiative.html\" target=\"_blank\" rel=\"noreferrer noopener\">Coinbase<\/a> (COIN) and Gemini offered for staking.<\/p>\n\n\n\n<p>The crypto exchange company may be behind the decision to add support for Ethereum now.<\/p>\n\n\n\n<p>The US thinks that ETH will be a major battleground for staking in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance will start giving its U.S. customers an annual percentage yield (APY) of 6% on amounts as low as 0.001 ETH. The cryptocurrency exchange Binance is adding staking for ether (ETH) in the U.S. This comes before the &#8220;Merge&#8221; of Ethereum. Binance will start giving its U.S. customers a 6% annual percentage yield (APY) for [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":35571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,1406,128],"class_list":["post-35569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-crypto-exchange","tag-ethereum"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-51.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=35569"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/35571"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=35569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=35569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=35569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}