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Solana Projects › Binance

Binance

The world's leading cryptocurrency exchange, with native Solana liquid staking via BNSOL

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DEX & Token Swaps DeFi Derivatives & Options Trading Asset Management & Portfolios
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Binance Exchange

Binance is a cryptocurrency exchange that offers trading tools like futures, options, leverage, and automated bots for experienced traders.

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Simple Earn

Simple Earn On-Chain Yields enables users to participate in decentralized protocols and earn rewards through Binance's platform, managing on-chain integrations and operations. The service offers yield opportunities from protocols like Plasma and Babylon, providing daily USDT rewards, token airdrops, and staking rewards without requiring complex on-chain setups.

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Binance Pay

Binance Pay is a cryptocurrency payment solution enabling users to send, receive, and spend digital assets through QR codes, merchant APIs, and mobile applications with zero gas fees for peer-to-peer transactions.

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Binance Connect

Binance Connect is a B2B fiat on/off ramp API enabling Web3 platforms to offer crypto purchasing and selling via Binance's fiat and P2P infrastructure. It supports multiple fiat currencies, cryptocurrencies, and payment methods including credit cards, bank transfers, and P2P. Third-party wallets, DApps, and Web3 applications integrate the service to provide their users with fiat-to-crypto conversion without building independent payment compliance layers.

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Project content

Binance news, features & analysis

Matched from published articles, podcasts, and talks using the project name, token name, or token symbol.

  1. DeFi Article

    Solana DEXs Post Fourth Consecutive Week Ahead of Bybit, Coinbase, and Kraken in Spot Volume

    For four consecutive weeks, [PROJECT:331]] Solana's decentralized exchanges have ranked second in global weekly spot trading volume, behind only Binance and ahead of Bybit, Coinbase, and Kraken, according to [DefiLlama data as reported by CryptoBriefing on July 28. ... As of July 28, Solana DEXs recorded $1.796 billion in 24-hour volume and $79.5 billion over the trailing 30 days, down 3.75% week-over-week, per DefiLlama.

  2. Article

    Arcium Launches ARX Token on June 22 With Binance Alpha as First Listing Venue

    \[\[PROJECT:236\]\] Arcium, the confidential computing protocol built on Solana, reaches its Token Generation Event on June 22, 2026, with \[\[TOKEN:ARXwZkNAtzPfdcoqQiduJn8EPv9fKiDfGn2KyggyDrFs|ARX\]\] listing on Binance Alpha as the first venue for trading and airdrop claims. ... Binance Alpha opens trading at 10:00 UTC today, where eligible users can claim airdrop allocations through the Alpha Events page using their accumulated Alpha Points.

  3. Breakpoint 25 Conference Talk 9 min read

    Keynote: Temporal

    Solana is now quoting tighter spreads than Binance for retail traders. ... Humidify is currently handling 60% of all spot volume on Solana and offering retail traders better prices than they would get on centralized exchanges like Binance.

  4. Breakpoint 25 Conference Talk 10 min read

    Build in Abu Dhabi: ADGM Registration Authority (Dmitry Fedotov), R3 (David Rutter)

    At Breakpoint 2025, Dmitry Fedotov from Abu Dhabi Global Market (ADGM) and R3 CEO David Rutter made a compelling case for why the UAE capital is becoming the center of gravity for the tokenized economy, backed by major announcements including Binance's global migration to ADGM oversight. ... Fedotov revealed that Binance Global, with its 300 million users, has officially migrated to ADGM regulation, making it one of the largest regulated crypto entities in the world.

About

Binance

Binance is the world's largest cryptocurrency exchange by trading volume, founded in June 2017. It offers spot, margin, futures, and options markets across hundreds of cryptocurrency pairs, alongside earning products, P2P trading, and institutional custody through Ceffu. Within the Solana ecosystem, Binance operates a native liquid staking program centered on Binance Staked SOL (BNSOL), a transferable token that represents a user's staked SOL plus all accumulated network rewards.

Core Mechanism: BNSOL Liquid Staking

BNSOL is built on the audited Solana Stake Pool Program developed by Solana Labs. When a user stakes SOL through Binance's Solana staking interface, they receive BNSOL in return — a liquid receipt token that appreciates against SOL as staking rewards accumulate. Rather than maintaining a 1:1 ratio, the BNSOL conversion rate updates daily and at each Solana epoch. For reference, the rate grew from 1 BNSOL = 1.01004105 SOL in September 2024 to 1 BNSOL = 1.01980774 SOL by December 2024, reflecting compounding network rewards.

Staking rewards originate directly from the Solana network on-chain staking mechanism and are distributed to BNSOL holders at the end of each Solana epoch, which occurs approximately every two to three days. The APR is dynamic and follows network-wide staking participation, validator performance, and total SOL staked across the Solana network.

Product History and Launch

Binance announced its Solana staking product in August 2024, with on-chain staking reward accrual beginning August 26, 2024 at epoch 661 on the Solana mainnet. The product launched publicly in September 2024. BNSOL was subsequently listed on secondary markets, with CoinMarketCap recording its listing in November 2024. The Binance validator currently ranks among the top validators on the Solana network by staked assets.

Fees and Minimum Requirements

The minimum amount to stake through Binance Solana staking is 0.01 SOL. Binance charges a 0% commission fee on staking rewards, distributing the full on-chain APR to BNSOL holders each epoch. Network fees for staking on Binance are free, in contrast to native Solana staking which requires users to pay low on-chain transaction fees directly.

Redemption Options

BNSOL holders have two redemption paths. Standard redemption converts BNSOL back to SOL after a waiting period tied to the Solana unbonding process. Market redemption allows users to immediately sell BNSOL on spot markets without waiting for the unbonding period, trading liquidity for price. Binance absorbs any slashing losses that may occur through its validator operations, providing an additional layer of protection for stakers.

Utility Across Binance Products and DeFi

BNSOL is integrated across multiple Binance product lines. It can be used as collateral for Binance Loans, as portfolio margin for derivatives trading, and is available for spot trading against SOL and other assets. Binance has positioned BNSOL for use within DeFi protocols for additional yield strategies, including liquidity provision, lending, and borrowing, though specific third-party protocol integrations were not enumerated in official documentation at launch.

Validator Infrastructure

Binance operates Binance-managed validator nodes with 24/7 monitoring to support BNSOL staking. The underlying Solana Stake Pool Program has been audited. Binance's validator operations handle the technical complexity of Solana staking on behalf of retail and institutional users, removing the need for users to select individual validators or manage stake accounts directly.

Exchange Context and Ecosystem Position

Beyond Solana staking, Binance lists SOL and a broad range of Solana-based tokens for spot and futures trading. Binance Earn offers yield products on over 180 cryptocurrencies. Institutional users can access Solana through Ceffu, Binance's institutional custody and staking arm, which offers BNSOL staking with proof-of-reserves transparency on-chain.

Binance's entry into Solana liquid staking positions it alongside protocol-native providers such as Jito and Marinade, but with the distribution advantage of being embedded within the world's largest exchange platform.

Contents

Note: inclusion in Solana Compass directory does not indicate a recommendation or endorsement of this project, its token(s) or its products. Data sourced with thanks from The Grid to aid in building these pages.

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