Fellow Binancians,
Binance will open trading for a BETH/ETH trading pair on 2021-01-29 at 12:00 PM (UTC).
To ensure a stable trading experience in this pair initially, we will temporarily cap each user's daily subscription limit of BETH at 1 ETH. We will inform users in a further announcement once any changes are made to the daily subscription limit.
About BETH
BETH is a tokenized asset representing your staked ETH at a 1:1 ratio, with Binance distributing staking benefits in the form of BETH on a daily basis. During the lock-up period, which may take 2 years or even longer, users will not be able to redeem their ETH. As such, we have launched the BETH/ETH trading pair as our solution to this liquidity problem. When ETH 2.0 goes live, users will be able to swap their ETH back based on their BETH holdings.
Note: Although BETH is a tokenized asset representing your staked ETH on a 1:1 basis, the price is determined by the market and may be higher or lower than the price of ETH. Please be aware of the risks involved.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-01-27
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