Binance expands its financial portfolio by adding Binance Staked SOL (BNSOL), giving users new opportunities to engage with the popular staked asset.

Introduction of BNSOL Simple Earn

Starting October 10, 2024, at 11:00 AM, Binance Simple Earn will offer BNSOL Simple Earn Flexible Products, allowing users to earn rewards by staking their BNSOL assets. This flexible staking option allows participants to earn returns without locking up their assets for long periods of time.

BNSOL Exchange on Binance Convert

Binance Convert will begin offering BNSOL within an hour of its listing on Binance Spot, allowing users to exchange BNSOL for BTC, USDT, and other tokens with zero fees. Binance Convert makes it easy for users to swap tokens quickly and seamlessly without worrying about transaction costs.

BNSOL on Binance Margin

Starting at 11:00 AM on October 14, 2024, Binance Margin will be adding BNSOL as a collateral asset to both the Cross and Isolated Margin markets. The platform will also offer trading pairs for BNSOL/SOL in these markets. Users can use their BNSOL holdings as collateral when trading, providing greater flexibility and access to capital.

These new offerings from Binance highlight the platform's efforts to expand its ecosystem and offer its users a variety of tools to optimize their cryptocurrency strategies.