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Binance Adds Support for Tezos (XTZ) Staking

Binance the operator of the world’s cryptocurrency exchange that provides support to more than 100 cryptocurrencies added support for Tezos (XTZ) staking. The updates have come through a blog post on Dec 3. 

Per the information, Binance is providing Tezos staking support on zero fees. The trading facility of XTZ is expected to begin on Dec 4, 2019. With live snapshots, XTZ rewards will be calculated daily and distributed monthly. The rewards are planned to be distributed on every 20th day of the following month. For instance, Dec rewards would be allocated on Jan 20, 2020.  

Holding of 1XTZ as a caveat is a must which users’ needs to follow to qualify in XTZ staking rewards. The monthly XTZ Staking Airdrop Program is mentioned on the website

Binance is supporting other reward coins which are displayed on the Staking Home Page.  

Binance Achieving New Heights via New Possessions 

The biggest cryptocurrency exchange in terms of trading volume with users from over 180 countries and regions is achieving new heights now and then. Apart from providing support to digital currencies, the new acquisitions are also getting added in the list whether it is another crypto exchange or a decentralized app.

On Nov 21, the Binance acquired Wazirex, one of the famous cryptocurrency exchanges of India, to introduce multiple fiat-to-crypto gateways. From November 25, the facility has been started for Indian crypto investors who can trade cryptocurrencies via fiat through Binance Fiat Gateway.

Today, a new announcement published on the exchange’s website displaying the acquisition of a decentralized app platform DappReview. The move is taken to further strengthen the adoption of blockchain-based decentralized applications (dapps) ecosystem. 

Reportedly, DappReview is the information and data analytics platform which is providing user insights and dapp information nearly 3,900 dapps across thirteen public blockchains. 

Binance CFO Wei Zhou said, “Binance and DappReview share a mutual goal of driving blockchain applications…. a significant step into the dapps ecosystem.”

Source: Binance Blog

To expand the suite of its products on Aug 29. Binance launched a platform which is proposing a commitment to facilitate the developers while nurturing the blockchain technology. Through BinanceX from noobs to seasoned & innovative developers can come-up with their novel ideas and use the infrastructure for the new projects.  

Binance in its portfolio, earlier added Turish Lira through its local digital wallet partner Papara. Earlier, the crypto trading giant launched a brand new decentralized blockchain protocol named “FIO protocol.”

Image by cocoparisienne from Pixabay

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