30 August 2026
Binance.US Now Supports Staking For Cardano (ADA)
According to a recent announcement, Binance. US, a San Francisco-based subsidiary of cryptocurrency giant Binance has extended its support for Cardano (ADA) staking. It is offering 6.4% annualized returns on the ADA token.
“Another week, another new staking offering,” CEO Brian Shroder commented. In early June, the exchange introduced support for high-yield staking in an attempt to compete with Coinbase.
The initial list of proof-of-stake cryptocurrencies includes Avalanche (AVAX), Solana (SOL), Cosmos (ATOM), and some other cryptocurrencies.
In the previous month, Coinbase launched staking for institutional investors in the U.S.
Gemini, a popular cryptocurrency exchange owned by the Winklevoss twins, launched support for Polygon (MATIC) staking in the U.S, Hong Kong, and Singapore in August. The company said that it would add more proof-of-stake coins, including Solana (SOL) and Polkadot (DOT) shortly.
Binance initially introduced support for Cardano staking back in February 2021. Switzerland-based Sygnum Bank made it possible for its users to stake the ADA token in early August.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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