Cryptocurrency exchange Binance and Coinbase have announced their intention to launch and support stockpiling Ethereum 2.0 for eligible users to do so.

Both platforms released their individual announcements within the past 24 hours.

The announcement came after the success of Ethereum in launching the upgrade and update “Beacon” yesterday, which officially paves the way for Ethereum 2.0.

Ethereum 2.0 officially launched after the launch of the “Beacon” update… Details here

As for the allocation of Ethereum on the “Coinbase” platform, it will start in 2021.

Coinbase also announced that the quota process will only be available to eligible parties.

Knowing that “Coinbase” will support trading between ETH2 and ETHK, meaning that the “Coinbase” platform will support the conversion of ETH to ETH 2 so that users can do the lottery process.

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Knowing that the ETH2 cryptocurrency will remain restricted and locked in the “Beacon” network.

According to show Queen Piece:

We will be launching the mentioned features for Coinbase users in eligible jurisdictions starting in early 2021, and we will provide more details as we get closer to the launch of each feature.

Binance Begins Provisioning Ethereum 2.0 Starting Today, December 2nd:

With regard to the Binance cryptocurrency exchange, the Ethereum 2.0 stake will begin today, as the process has already started at 00:00 UTC.

Binance clarified that the rewards will be in the form of the digital currency “BETH”, which will represent the actual income generated from the stake process and will be redeemable at a 1:1 value when the Ethereum 2.0 coin represented by “ETH2.0” is activated.

That is, users who participate in the Ethereum 2.0 lottery will receive the rewards in BETH, which is valued at the rate of 1 ETH 1 = BETH.

In addition, the Ethereum 2.0 stake bonus will be distributed daily in the form of the cryptocurrency “BETH”.

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Binance mentioned the benefits of quotas that it provides, as it will cover all the expenses of operating the validator for users, bear the risk of penalties on the network, and all rewards will be distributed to users on a daily basis.

It is worth noting that the minimum amount to stake Ethereum 2.0 on Binance will be 0.0001 ETH with rewards estimated between 5% and 20%.

The digital currency BETH is expected to be made available for trading at a later date on the platform.

Binance and Coinbase were among the first platforms in supporting Ethereum 2.0 stakes, and many other exchanges are expected to follow their path.

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Ethereum 2.0 officially launched after the launch of the “Beacon” update… Details here