Binance has launched Ethereum staking for the first time on its exchange, according to a recent announcement by the exchange. It allows holders to earn 6% APY on ETH.
The news comes with the Ethereum Merge set to launch in the coming weeks, marking a big moment for ETH. Between Sep. 15 and Sep. 20, Ethereum will transition from a PoW mining system to PoS. Correspondingly, this upgrade will be much more environmentally friendly.
