What is Binance staking?
Binance is a large cryptocurrency exchange. When depositors leave their holdings on Binance, the holders can simultaneously participate in staking without moving their assets. Binance arranges the use of assets for staking and pays the staking rewards to the holder. Binance gains by keeping assets under their system. Binance gains customer goodwill and maintains the business relationship during staking.
The advantages for Binance customers is substantial. They can enroll in the program and perform staking on their issuer platforms without moving funds. Moving funds always involves some risk of loss. By using the Binance system, asset owners will not have to lock down their currencies and miss opportunities for growth or profit. To participate in Binance staking, one must simply leave assets in their accounts.