Binance America is kick-starting staking rewards on its application and platform from February 2020, the cryptocurrency marketplace has indicated.
The development is coming a month after Binance.US launched its mobile app.
Once launched, the staking rewards would be made available for Algorand (ALGO) and Cosmos (ATOM), and has time proceeds, more Proof of Stake (PoS) coins will as well be launched on the platform.
The service will first be available in the states where the exchange operates. Binance America becomes the maiden marketplace to offer staking rewards for both ATOM and ALGO, giving traders the avenue to increase their staking opportunities.
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.”
“We consider this another step towards achieving our goal of financial inclusion for an ever-growing pool of people.”
The blockchain CEO says one very important part of America’s pathway to economic freedom is to compensate users for being a part of an important community like the marketplace.