Binance plans to launch Solana staking service in September 2024.
The platform will be called BNSOL. Cryptocurrency exchange Binance will launch a service for staking Solana (SOL) coins by the end of September 2024. This was reported by The Block, citing a statement from the company.
The statement said the new tool, called BNSOL, will allow users to stake SOL coins and receive a portion of the fees paid by the network. It will also provide customers with a liquid token that can be used while the underlying assets are locked.
Head of Regional Markets at Binance Vishal Sacheendran said:
ā[ā¦] BNSOL allows users to unlock liquidity, enjoy continuous reward accumulation, and seamlessly leverage Binance and the broader DeFi ecosystem, making it the ideal solution for those looking to maximize the potential of their Solana coins.ā
Note that on August 29, 2024, Binance posted a message on its X (formerly Twitter) with the inscription: BNSOL.
BNSOL
ā Binance (@binance) August 29, 2024
At the time of writing, Solana is trading near the $130 mark:
SOL/USDT chart on Binance. Data: TradingView.
