500,000 Tezos Deposited Into Binance: Staking or Dump Impending?

500,000 Tezos Deposited Into Binance: Staking or Dump Impending?
фото показано с : beincrypto.com

2019-12-9 13:29

Around 500,000 Tezos (XTZ) was just deposited into Binance. The reason may be due to staking, which was released by Binance last week for Tezos.

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

500,000 #XTZ (800,323 USD) transferred from unknown wallet to #Binance

Tx: https://t.co/eYSB8gpKj0

— Whale Alert (@whale_alert) December 9, 2019

Many are speculating that the deposit is an indication that more big players will be depositing Tezos into Binance. The leading cryptocurrency exchange announced zero-fee staking on its platform six days ago. The rewards for staking are distributed on the 20th of every month and make the entire process much easier. As one user put it, “free staking is sending customers to Binance.”

Free staking is sending customers to @cz_binance

— Wilfred Michael (@CryptoWilfred) December 9, 2019

However, if the deposit is not for staking and is just sold on Binance, it’s not enough to cause a significant price decline. Tezos boasts some $69M in trading volume at the time of writing, so this 500,000 XTZ is just a tiny fraction of the overall market. Binance’s trading pair for XTZ against Bitcoin and Tether (USDT) alone accounts for some $16M in trading volume.

Binance likely began to support Tezos staking after seeing Coinbase did the same last month. Although users can stake Tezos on their own or use a delegated staking service, Coinbase and Binance offer an easier model for beginners. Coinbase, however, does take cut despite promising an annual return of five percent with payouts every three days. It remains to be seen if other large players in the cryptocurrency industry will begin depositing their Tezos on exchanges for feeless staking. The recent Binance deposit could be the start of a new trend.

Currently, Tezos boasts a staking reward rate of around 6.18 percent annually. It is considered safe, since the investor keeps full control of his or her private keys while staking. Staking can be done directly inside the Tezos wallet.

Images courtesy of Twitter, Shutterstock.

The post 500,000 Tezos Deposited Into Binance: Staking or Dump Impending? appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 22.85 (-100%)

binance tezos 500 may staking deposited week

binance tezos → Результатов: 40


Биткоин-биржа Binance добавит поддержку стейкинга Tezos с нулевыми комиссиями

4 декабря биткоин-биржа Binance добавит поддержку стейкинга Tezos (XTZ). Вознаграждения будут подсчитывать ежедневно, а распределять — один раз в месяц до 20 числа. #Binance Will Support Zero Fee @tezos $XTZ Stakinghttps://t.

2019-12-4 17:12


Криптобиржа Binance объявила о листинге Tezos, Чанпен Чжао намекнул на стейкинг криптовалюты

23 сентября криптовалютная биржа Binance официально объявила о листинге Tezos, добавив три новые торговые пары криптовалюты с биткоином (BTC), стейблкоином Tether (USDT) и Binance Coin (BNB). Пользователи уже могут переводить Tezos на биржу.

2019-9-26 21:20


Фото:

Биржа Binance добавила поддержку криптовалюты Tezos

Криптовалютная биржа Binance анонсировала листинг Tezos (XTZ), представив три пары с биткоином, Tether и BNB. Пользователи уже могут вносить депозиты, а начало торгов запланировано на завтра, 24 сентября.

2019-9-24 18:32


Binance анонисировала листинг токена Tezos и поддержку хардфорка в сети EOS

Криптовалютная биржа Binance в этот понедельник анонсировала листинг Tezos. Завтра в 14:00 МСК XTZ станет доступен для торгов в парах с биткоином, USDT и Binance Coin. Пользователи уже могут вносить депозиты в XTZ, ожидая начала торгов.

2019-9-24 15:57


All Rainbows and Sunshine Halos for Tezos (XTZ) After Binance’s Trust Wallet and Coinbase Inclusion

Trust wallet from Binance Exchange is set to add Tezos to its staking service feature. Institutional investor staking services have recently been added to Coinbase Custody, which is a subsidiary of Coinbase, and has chosen Tezos to be its first digital asset Digital assets which are enabled for staking on Trust wallet from Binance are […]

2019-4-4 03:40


Преимущества кошельков с открытым исходным кодом

Последние два года были очень важны в отношении популяризации криптовалют как средства оплаты и спекулятивных инвестиций. Сегодня нас не удивляет, что люди хранят свои сбережения в программных кошельках.

2018-12-6 15:56