Binance launches a product that earns interest on holding coins, supporting multiple tokens including BNB, SOL, ADA, SUI, etc.

PANews reported on June 18 that Binance has launched a product that allows users to earn staking income through designated tokens in their spot accounts. This feature can be activated with just one click, allowing users to earn daily income while maintaining spot positions, and still trade, withdraw or use assets at any time.

The income from holding coins comes from the on-chain staking mechanism, and the income will be distributed to the spot account every day, calculated based on the daily average holdings of eligible tokens in the user's spot account. Currently supported tokens include BNB, SOL, ADA, SUI, TON, NEAR, POL, ALGO, S and AXS, but the minimum holding requirements must be met, and there is an upper limit for the calculation of income. No additional income will be obtained for the excess.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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