Binance has officially announced that it will expand the availability of Binance Staked SOL (BNSOL), allowing users to access it on Binance Simple Earn, Binance Convert, and now Binance Margin. This move offers users more opportunities to engage with the popular staked asset.
Starting from October 10, 2024, at 11:00, Binance Simple Earn will offer BNSOL Simple Earn Flexible Products, enabling users to stake their BNSOL and earn rewards. This flexible staking option allows participants to generate returns without locking their assets for extended periods.
Binance Expands BNSOL to Margin Trading Markets
Binance Convert will also support BNSOL one hour after its listing on Binance Spot, allowing users to exchange BNSOL for BTC, USDT, and other tokens without any fees. Binance Convert provides a seamless and cost-free experience for users looking to trade quickly.
For those interested in margin trading, Binance will add BNSOL as a collateral asset for both Cross and Isolated Margin markets starting October 14, 2024, at 11:00. The platform will also offer BNSOL/SOL trading pairs in these markets, giving users more flexibility and access to capital by using their BNSOL as collateral.
This latest offering represents Binance’s ongoing effort to expand its ecosystem and provide users with various tools to optimize their crypto strategies, according to Turkish NY Radio.
