Binance.US Releases VeChain Staking Product

Binance.US launched a staking product for VeChain Token (VET) that pays out rewards every week in the form of VeChain Thor (VTHO) tokens.
Dot
January 28, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
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.



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.

Binance.US Releases VeChain Staking Product

HomeCrypto staking
Contents
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.



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.

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

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