In an announcement published on Monday by Binance U.S., the exchange will offer staking reward for Algorand (ALGO) and Cosmos (ATOM) to be given on monthly basis.
Furthermore,the exchange also plans to add more Proof of Stake (PoS) coins for listing and staking .The reward will be applicable to all current states where Binance U.S. operates .
Catherine Coley, CEO of Binance.US said :
“Binance.US strives to create opportunities for more people to get involved in the digital asset marketplace and provide an interactive platform for all users, both crypto-curious and expert traders, to explore, participate and benefit from being a crypto holder,”
The article includes information about staking and steps to start earning staking rewards .
Binance U.S. was launched in September 2019 to cater to U.S. citizens following Binance proper’s booting of U.S. customers earlier that summer. It claims to be the first U.S. marketplace to offer staking rewards for ATOM and ALGO holding users.