Binance Expands Support For BNSOL After Listing, Here’s How To Stake
Highlights
- Binance enhances trade offerings for BNSOL after recent listing.
- The announcement sparks optimism as one of the leading exchange extends backing to the staking project.
- BNSOL price today traded in the red, mirroring the broader market sentiment despite Binance's backing.
Crypto exchange Binance on Thursday again issued an important announcement surrounding the staked SOL token on the exchange, BNSOL. The crypto exchange revealed that it is now adding the staked token on ‘Earn, Convert & Margin,’ enhancing trade offerings for users. These enhancements follow the token’s recent listing on the same exchange, echoing optimism for the crypto’s long-term perspectives.
Binance Enhances Offerings For Staked SOL
As per an official Binance announcement dated October 10, BNSOL is all set to be added on Earn, Convert, and Margin platforms today. Simple earn and flexible products for the token will be listed on ‘Simple Earn’ today at 08:00 UTC and will thereafter be available for subscription. Simultaneously, users will be able to trade the asset against BTC, USDT, and other tokens on ‘Convert’ at zero trading fees within one hour of the asset’s listing on the spot trading platform.
Additionally, the staking crypto will also be added to Cross and Isolated Margin along with SOL pegged pairs on October 14 at 08:00 UTC. These enhanced offerings, after the exchange recently revealed listing for the token, have reverberated optimism among market participants globally. CoinGape Media reported earlier that with Binance’s backing, BNSOL secured listing, sparking considerable optimism across the broader market.
How To Stake SOL?
Meanwhile, the crypto exchange also rolled out three ways for users to stake their SOL on the platform. One can easily go to the ‘SOL pledge’ section on the ‘financial management’ page and achieve staking. Further, users can also get the staked token by pledging SOL in the Binance Web3 wallet. Lastly, users can directly recharge the staked Solana token into their accounts, the announcement added. All new and old token holders are eligible to enjoy up to 10% APR during the promotion period.
Simultaneously, BNSOL price rested at $139.5 at press time, down nearly 3% in the past 24 hours. Similarly, SOL price traded at $139, noting a 2.5% decline at press time. Nevertheless, the listing plans have garnered significant attention to the staking token. It’s also worth noting that the token represents staked SOL and income collectively in a tradeable and transferable form on the exchange.
- Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy
- Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH
- Bitcoin, Ethereum Drag Broader Crypto Market Lower Ahead of FED Powell Speech
- Breaking: Ripple Partners With Bahrain’s Fintech Bay in Push for RLUSD Adoption
- XRP News: Why Whales Sold 440M Coins in a Month Despite ETF Launch Buzz
- Solana Price Prediction as SOL DAT Company Plans 5% Supply Acquisition—Analyst Targets $1,300 Breakout
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
