binance tezos staking
Binance Adds Support For Tezos Staking At Zero Fee
December 4, 2019
binance tezos staking
Binance Adds Support For Tezos Staking At Zero Fee
December 4, 2019

Major cryptocurrency exchange Binance has announced support for Tezos (XTZ) staking at zero fee.

On Dec. 3, an announcement was made by Binance stating that users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is set to end before Jan. 20, and after that on the 20th day of each following month.

Users are said to hold at least 1 XTZ in order to qualify for staking rewards. Currently, Tezos is trading at $1.26 in publishing time.

Binance initially hinted at the possibility of staking when it listed the coin with the three trading pairs against Bitcoin (BTC), Tether (USDT) and Binance Coin (BNB).

Staking refers to the practice of holding a cryptocurrency in a wallet to support a blockchain network’s operations. In addition to allowing holders to vote on blockchain operations, staking also generates periodic rewards for the holder staking their funds. 

ALSO READ :  Binance to Launch P2P Trading for Chinese Yuan

Recent Additions of Binance

Binance recently acquired DappReview, a Beijing-based blockchain data startup offering data-driven research and advertising services to blockchain-based decentralized applications (DApps).

More recently, the crypto exchange listed four new Russian ruble trading pairs alongwith partnering with TravelByBit, a crypto travel startup, to launch a rewards card that facilitates crypto payments on major travel websites.

In Nov. Binance announced its acquisition of WazirX, the India-based bitcoin exchange enabling to buy and sell crypto with Indian Rupees (INR) on the Binance Fiat Gateway, starting from November 25, 2019.

Source: Binance | Cointelegraph | Image: Binance


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.