Binance US Joins Kraken And Coinbase For The Betterment Of ALGO and ATOM

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Binance as of whole is a powerful trading platform for those who mean Business and is a global platform for the exchange of cryptocurrencies.
  • Binance US also has now support from Kraken and Coinbase, as it has joined these bodies as well for the offering staking rewards on PoS Coins.

Recently on Wednesday, Binance said that the returns of the investors would be given every month starting from 1st Feb. This is probably because the frim is about to benefit from other major exchanges in the staking game.

The ALGO and ATOM are also known as algorand and cosmos respectively. The only cryptocurrencies are the Proof-of-Stake (PoS) cryptocurrency which is available on Binance US as of now.

Binance US is the largest cryptocurrency exchanges and based in California. Binance as of whole is a powerful trading platform for those who mean Business and is a global platform for the exchange of cryptocurrencies.

It deals with as many as 100+ Digital Assets and also termed as the world’s leading cryptocurrency exchange trader in terms of the trading volume. These exchanges considered to be one of the secure and most efficient ways of the exchange process.

The PoS consensus mechanism is one, in which the block validators are chosen based on their number of coins they are staking, which means that the investors can only participate if they lock their coins. Thus, this is the only way investors could participate in the process of producing new coins.

Binance US also has now support from Kraken and Coinbase, as it has joined these bodies as well for the offering staking rewards on PoS Coins. Though these two firms only allow staking on Tezos or XTZ, the collab still believed to useful.

The firm Binance US, in compliance with the US laws, though which is an offshoot, still offers 28 cryptocurrencies on its platform.

CEO Catherine Coley, of Binance US, also wishes to offer more of the stalking rewards, when more of the PoS are listed. It also said that it has been waiting for the regulatory of Tezos, the technology for deploying blockchain.

Tezos is likely to provide returns with a rough estimate of 6% for the stakes at Coinbase and Kraken. Lastly, an alternative to PoW mining, the staking practices also allow the crypto users to invest their Assets into the specialized public addresses.

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