The crypto exchange offers Babylon Bitcoin staking
Cryptocurrency exchange Binance has launched a new financial product, On-chain Yields. The Babylon-based Bitcoin wallet is available on the platform. Thanks to this, customers can use a variety of protocols and receive financial rewards in tokens, points and other variants. Rewards are accumulated through an account on the exchange.
Binance integrates and executes transactions with protocols, eliminating the need for users to participate in these processes. This greatly simplifies the service’s use and increases transaction security and transparency.
Stacking bitcoins through Babylon offers users rewards in the form of Babylon Points. For now, the new feature is available under certain conditions:
– 1,000 bitcoin transaction limit;
– the minimum amount per account is set at 0.05 Bitcoins;
– the maximum amount is set at 5 Bitcoins;
– redemption is possible at any time.
At the same time, the exchange specifies that rewards are not available for smart contracts with a high risk of vulnerability. Rewards are also unavailable in conditions of market volatility or technical failures at Binance partners.
Other Binance products
Another innovation on the exchange was the launch of the Alpha platform. This platform, which operates on the basis of a Web3 wallet, is designed for transactions involving crypto projects at an early stage of development.
The platform’s purpose is to allow users to explore early-stage cryptocurrency projects. To this end, Alpha provides a set of tokens that are selected based on an analysis of exchange processes. The platform also considers market dynamics and community trends.
Alpha has been gradually adding coins. Five new coins appeared on the platform within three days. Users can study each project in detail and then buy tokens using the quick buy function. It has also become known that Binance is considering listing individual projects.
After updating the cryptocurrency wallet and creating its backup, quick purchases are available. The platform uses MEV protection technology. It offers the best prices and is perfect for large payment transactions.
It is worth noting that Binance is actively expanding its offer to its clients. Thanks to this, the exchange is a leading platform for the crypto industry. According to official statistics, in 2024, the inflow of funds reached almost US$22 billion. This figure exceeds the total profit of ten major platforms by 40%. In addition, Binance’s customer base has grown to 250 million registered accounts. The exchange became the first to exceed the US$100 trillion mark in trading volume for the entire period of operation.
