Details about Binance ETH staking cryptocurrency
€36,721
100,973
39.316
Unknown
https://www.binance.com/
3901x
€11806700
Binance ETH staking price charts
BETH exchanges
Binance ETH staking, the crypto
Binance ETH staking (BETH) is a service that allows users to earn rewards by staking their Ethereum (ETH) in exchange for BETH tokens on the Binance exchange. Users can stake any amount of ETH they wish and receive BETH tokens in return, which can then be traded on the exchange or used for other purposes.
The point
The main point of Binance ETH staking (BETH) is to incentivize users to hold their ETH on the Binance exchange instead of transferring it to other platforms. By staking their ETH, users can earn rewards in the form of BETH tokens, which can then be traded or used to participate in other activities on the exchange. This helps to increase liquidity and stability on the platform.
The problem
Binance ETH staking (BETH) tries to solve the problem of low liquidity and high volatility of ETH on the Binance exchange. By providing users with an incentive to hold their ETH on the platform, Binance can increase liquidity and stability, making it a more attractive option for traders and investors. Additionally, staking can help to reduce the supply of ETH on the market, which can in turn help to decrease volatility and stabilize prices.
Compare BETH and BTC performance
| Timeframe | BETH | BTC |
|---|---|---|
| 1h change | 1.05235 % | 0.175774 % |
| 24h change | 4.39 % | 5.35743 % |
| 7 day change | -7.65 % | -8.58521 % |
| 14 day change | 0.57 % | -1.97993 % |
| 30 day change | 2.46 % | 4.77947 % |
| 200 day change | 84.36 % | 126.701 % |
| Year change | 67.28 % | 126.776 % |