Binance Makes Big Announcement For These 18 Altcoins!

Binance, the world’s largest cryptocurrency exchange by daily trading volume, has made announcements covering various altcoins. Some of the announcements came from custodian Binance Custody. Here are the details…

Updated rewards and APY rate for REEF staking

Binance announced in its first announcement that it has started locked staking for REEF. You can stake your REEF from June 1, 2022 to earn multiple rewards. Users will be able to earn up to 119.79 percent as annual rate of return (APY). This promotion period will run from 1 June at 15:00 until 11 June at 14:59 CET. The locked staking format is on a “first come, first served” basis, while the reward calculation period runs from the day you add your cryptocurrency to a stake pool, until the end of the staking period. The table regarding the amount of staking and returns is as follows:

Binance Liquid Swap adds various trading pairs

According to another announcement, the exchange has opened four new liquidity pools for its Liquid Swap. As we have also announced as AmkNews, the swap feature that comes with liquidity farming is a liquidity pool developed based on the AMM (Automatic Market Maker) principle. Like all other DeFi swaps, it consists of different liquidity pools, with two tokens or fiat assets in each liquidity pool.

To become a liquidity provider, you can provide liquidity in pools, earn transaction fees and flexible interest. The most recent pairs added by Binance to Liquid Swap are as follows:

  • ELF/BTC
  • ELF/USDT
  • TR/USDT
  • GAL/USDT

Added new assets for Flexible Savings

Binance has added BEL, DNT, JST, LTO, OP, RAD, RVN, and UFT to its list of supported assets in Flexible Savings, a service for users with idle digital assets to realize value. It’s worth noting that subscriptions close on certain products when the maximum limit is reached.

Six new cryptos added to Binance Custody

Six new assets have been added to the Custody division that Binance created to provide a superior custody solution for institutions. Added cryptocurrencies as follows: MTL, QKC, XVS, BAL, SUSD, POND.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.