One of the largest cryptocurrency exchange in the world has recently announced that it is launching its staking service.

Binance revealed recently that it is starting its staking platform that will which will enable token holders of select cryptocurrencies to earn cryptocurrency simply by simply holding them in the exchange’s internal wallet.

Initial tokens that will be supported initially are NEO, Ontology (ONT), VeChain(VET), Stellar (XLM), Komodo (KMD), Algorand (ALGO), QTUM, and Stratis (STRAT).

What makes Binance’s offering unique to other staking services is the fact that you don’t need to move your tokens anywhere, which means if you have any of the tokens mentioned above you can start the staking process immediately (once you initiate it).

To make the deal, even more, sweeter is the fact that the staking process will be fee-less and comes as a value-added service for all the Binance users.

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