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Liquid Staked Ether (WBETH) on Binance Sees $500M Influx After the Crypto Exchange Shuffles Assets

With 1.2 million ETH stakes, Binance is one of the largest players on Ethereum’s staking network behind Lido Finance and Coinbase, according to crypto investment firm 21Shares’ Dune dashboard. Now, WBETH represents about 765,000 of the staked assets, per data by DefiLlama. Source

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Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors – Altcoins Bitcoin News

In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth (WBETH). This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of other competing liquid staking products such as Lido,

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