NewsletterBinance Debuts On-Chain Yields With Babylon BTC Staking
Highlights
- Binance reveals plans to launch On-chain Yields shortly ahead.
- The initial offering under this approach remains Babylon BTC Staking.
- The crypto exchange cements its position across the industry with enhanced market offerings.
Leading crypto exchange Binance echoed a market frenzy on Thursday, announcing plans to launch On-chain Yields shortly ahead. This new endeavor permits users to seamlessly participate in numerous on-chain protocols while also earning rewards directly through their account on the platform. Simultaneously, the initial offering under this endeavor remains ‘Babylon BTC Staking.’
Binance Unveils On-Chain Yields Garnering Market Attention
In an official Binance release dated December 5, the crypto exchange revealed that it plans to launch On-chain Yieds shortly ahead. As per the announcement, the first offering supported under this endeavor remains Babylon BTC Staking. Notably, users can stake their BTC via this platform to earn on-chain rewards from the Babylon Protocol.
Simultaneously, the subscription starts on December 9 at 06:00 UTC. However, the leading crypto exchange also clarified that the subscription comes with a limited quota of 1,000 BTC on a first-come, first-served basis. Also, the minimum and maximum subscription amounts per account were set at 0.05 BTC and 5 BTC.
The exchange’s announcement further notified that the On-chain Yields page will be available for users starting the abovementioned date at 04:00 UTC. Altogether, this enhanced staking offering, providing users with opportunities to earn rewards, has aided Binance in garnering noteworthy attention among market participants.
Crypto Exchange Continues To Pioneer, Tapping Into Emerging Markets
Simultaneously, a plethora of other crypto trade-related endeavors has aided Binance in cementing its position as the leading exchange. Notably, the Richard Teng-led firm continues to tap into emerging markets, magnetizing more traders and investors globally.
Aligning with this approach, the exchange recently revealed a major airdrop update for FLOKI and APE holders. Notably, the exchange confirmed support for the MONKY token airdrop for the mentioned meme coins’ holders.
On the other hand, the crypto trading firm also enhanced trade offerings for XLM, KAIA, and several other tokens, offering investors flexibility. The crypto exchange behemoth continues to revolutionize investment offerings for users, further securing its positioning across the broader landscape.
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