Binance.US Releases VeChain Staking Product

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Brian Shroder, CEO of Binance.US; Photo Source: Getty Images/Steven Ferdman

Crypto exchange Binance.US added support for staking VeChain Token (VET).

According to Binance.US' blog post, the exchange has integrated trading and staking facilities for VET and VeChainThor (VTHO) tokens.

The VeChain protocol features a dual token system wherein VTHO is used for making transactions within the VeChain ecosystem. Meanwhile, VET is used for generating VTHO via staking,

The staking product will allow users to stake their VET assets at 1% APY. There is no mandatory lock-in period for $VET staking. The staking yields on VET assets are paid out every week in $VTHO. Moreover, clients can un-stake their tokens without paying any liquidation fees.



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As the name suggests, Binance.US is Binance’s sister company that operates specifically in the US. The exchange was created after US regulators flagged Binance over allegations of offering securities trading services to clients.

The only difference between the two is that Binance supports over 350 tokens while Binance.US provides trading facilities for 120 cryptocurrencies. It is worth noting that both exchanges charge the same trading fees.

Written by
Ayush Pande

Crypto exchange Binance.US added support for staking VeChain Token (VET).

According to Binance.US' blog post, the exchange has integrated trading and staking facilities for VET and VeChainThor (VTHO) tokens.

The VeChain protocol features a dual token system wherein VTHO is used for making transactions within the VeChain ecosystem. Meanwhile, VET is used for generating VTHO via staking,

The staking product will allow users to stake their VET assets at 1% APY. There is no mandatory lock-in period for $VET staking. The staking yields on VET assets are paid out every week in $VTHO. Moreover, clients can un-stake their tokens without paying any liquidation fees.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


As the name suggests, Binance.US is Binance’s sister company that operates specifically in the US. The exchange was created after US regulators flagged Binance over allegations of offering securities trading services to clients.

The only difference between the two is that Binance supports over 350 tokens while Binance.US provides trading facilities for 120 cryptocurrencies. It is worth noting that both exchanges charge the same trading fees.

Written by
Ayush Pande