Binance, the world’s largest crypto exchange, announced plans to launch On-Chain Yields shortly. The first offering under this approach remains Babylon BTC Staking. The crypto exchange is strengthening its position in the industry with advanced market offerings.
Binance announced On-Chain Yield, which attracted the attention of the market!
Binance, the leading crypto exchange, announced in its official statement that it plans to launch On-Chain Yields soon. According to the announcement, the first offering supported under this effort remains Babylon BTC Staking. Specifically, users can stake their BTC through this platform to earn on-chain rewards from Babylon Protocol. At the same time, the subscription starts on 9 December at 09:00 TSI. However, Binance also announced that the subscription comes with a limited quota of 1,000 BTC on a first-come, first-served basis. It also set the minimum and maximum subscription amounts per account at 0.05 BTC and 5 BTC.
In the announcement of the exchange, it was also reported that the On-Chain Yields page will be available for users from 07:00 TSI from the above-mentioned date. This advanced staking offer provides users with opportunities to earn rewards. This, in turn, helped Binance gain considerable traction among market participants.
A collaborative ecosystem for Bitcoin Staking
Babylon Protocol will drive this staking opportunity. Thus, it will pioneer Bitcoin staking innovation. Meanwhile, the rise of Bitcoin staking has attracted key players in the industry to collaborate with Babylon Labs, the team behind Babylon Protocol. Recently, Sui launched a joint venture with Babylon Labs and Lombard Protocol. The partnership aims to expand Bitcoin staking options. This co-operation signals growing confidence in Babylon Protocol’s new model. It also shows confidence in its potential to unlock returns for Bitcoin holders across multiple ecosystems.
The launch of Babylon BTC Staking as part of Binance’s On-chain Yields programme reflects the growing demand for high-yield opportunities in the crypto space. The move emphasises Binance’s commitment to offering innovative financial products. It also strengthens Babylon Protocol’s leading position in Bitcoin staking.
The giant crypto exchange continues to lead the way
At the same time, this move helped Binance consolidate its position as the leading exchange. Notably, Binance, led by Richard Teng, continues to enter emerging markets. Thus, attracting more traders and investors globally. In line with this approach, the exchange recently announced a major airdrop update for FLOKI and APE holders. In particular, the exchange confirmed MONKY token airdrop support for the said meme coin holders.
As you have been following from Kriptokoin.com, Binance has improved its trading offers for XLM, KAIA and several other tokens. Thus, it provided flexibility to cryptocurrency traders. The crypto exchange giant continues to revolutionise its trading offerings for users. Moreover, it is further consolidating its position in a wider area.
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