Cardano Price Records An Upsurge After Binance Makes An Announcement Involving ADA’s Staking

Things have gotten much more interesting for the Cardano (ADA) community after Binance made an announcement exclusively for iOS users.

The announcement suggests that all of the iPhone users wanting access to the ADA’s staking service will be able to utilize it.

The announcement suggests that iOS users will be able to access the ADA tokens through the Trust Wallet.


Crypto Comeback Pro is the #1 cryptocurrency trading robot for investors! This trading tool has a %88 winning rate on trades and is the recommended trading software for cryptocurrency traders. Try The Trading Software For FREE Today. (Advertisement)


The iOS users will be able to stake the ADA tokens through the Trust Wallet. This way, the users will be able to secure their funds and earn interest from the platform.

Binance Launched the Service

The Binance exchange is behind the development and the launch of the Trust Wallet. The purpose of the wallet is to offer self-custody to the users as well as the opportunity to earn interest.

They also get to keep their funds safe and secure, and out of the hands of third parties.

It was in early December when the officials announced the launch of the Trust Wallet. At that time, they had announced that the service was launched for android users only.

However, as the month of December has come to an end, the officials have announced that the same utility is available for iOS users as well.

How to Use the Staking Feature

The Binance teams who worked on the Trust Wallet have released a step-by-step guide that the users can refer to learn about the staking process.

The first step is for the users to send the $ADA in their possession to the Trust Wallet. There, the users have access to a button that says “stake”.

As they select the staking option, they are prompted with the validation process and once that is complete, the staking starts doing its magic.

Useful Information about the Staking


Crypto Comeback Pro is the #1 cryptocurrency trading robot for investors! This trading tool has a %88 winning rate on trades and is the recommended trading software for cryptocurrency traders. Try The Trading Software For FREE Today. (Advertisement)


In addition to releasing the guideline for staking, the teams have also provided useful information about the entire process.

They have announced that the staking is not automatic, which means it is not recurring. Once the staking period is over, the users will have to initiate it manually.

On top of that, the users must be in possession of at least 4 ADA tokens before they can start staking on the wallet. The same is required from the users when it comes to stopping the staking feature.

Cardano Network is Growing Big

Binance is very excited to have launched the staking feature for Cardano through the Trust Wallet. They are confident in the potential and growth of Cardano.

The teams at Binance revealed that they have been monitoring the growth of the Cardano blockchain for a while. They are more than satisfied to see how much the network has grown ever since its initiation.

According to the exchange, the Cardano network has been working hard to increase its smart contract usage capability.

So far, the network has gained a lot of success as the year 2021 alone showed that the network’s usage of smart contracts had surged by 340%.

Although the bearish cycle is still persisting and it has become quite stubborn, Cardano’s growth does not seem to have been hindered by that.


Crypto Comeback Pro is the #1 cryptocurrency trading robot for investors! This trading tool has a %88 winning rate on trades and is the recommended trading software for cryptocurrency traders. Try The Trading Software For FREE Today. (Advertisement)


More Utility for the Trust Wallet Users

The officials have announced that one of the major utilities for the Trust Wallet involving ADA is the ability to purchase the token.

The Trust Wallet users will have direct access to buying the ADA tokens through the respective wallet. They do not have to go to other platforms or exchanges in order to buy the tokens.

The same application can be used by iOS and Android users to send and receive ADA tokens. This is a huge utility that the Binance exchange has offered for the particular wallet.

Ever since the announcement of the Trust Wallet, the adoption level for Cardano has surged by 5.34%. The total number of active ADA users has risen to 2.32 million.


Chip Timing Global is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Leave a Reply

Your email address will not be published. Required fields are marked *

Chip Timing Global 2021 | All Rights Reserved | ✉ Contact | Disclaimer