Tron Staking Now Available on Binance.US

Representatives of the American division of the largest crypto exchange Binance announced the news, which should please all Tron lovers. TRX can now be sent for staking on Binance.US. Users will be able to earn up to 6.1% per annum for holding this cryptocurrency on Binance.US.

Staking is a common practice among investors, which allows you to increase your income not only by holding funds in a particular cryptocurrency and then selling it at a better price, but also by using the bonus that is given for this very staking.

However, it should be understood that such investors, like the rest, face certain risks. In addition, many platforms do not allow them to withdraw their funds for some time, thereby “fixing the cryptocurrency in staking” and in the event of a collapse in asset owners, sad news awaits. We must not forget about the hacker attacks that Binance representatives mentioned. The latter, according to their statements, are making every effort to avoid attack and hacking by intruders.

Previously, Cardano (ADA) lovers were able to stake their savings equivalent in this currency. Prior to this year, there was no staking feature on Binance. Representatives of the exchange decided to expand their influence in the crypto industry and attract new customers, as well as increase the boundaries of existing customers. At the beginning, only crypto assets such as Avalanche (AVAX), Solana (SOL) and some other assets could be staked. Audius (AUDIO), Cosmos (ATOM), Polygon (MATIC) and The Graph (GRT) have also been added to the list of cryptocurrencies that can be staked.

TRX staking has been possible in the main branch of Binance since 2019. Tron is firmly in the top 20 ranking of the best crypto assets and is currently ranked 15th in the list. There are currently 92,277,214,440 TRON coins on the network, and their value at the time of writing is $0.06354. The market capitalization of TRX exceeds $5,860,000,000.