Binance, the world's largest cryptocurrency exchange, is becoming a node operator on Polymesh and will allow staking of the layer-1 blockchain's POLYX token through its platform by the end of this week. As a node operator, Binance will help run the blockchain, writing new blocks to certify transactions that enter the chain before broadcasting them to the Polymesh network. The exchange will also provide staking services to holders of the chain's native token. The partnership aims to advance Polymesh's mission to make regulated asset trading more accessible. The price of POLYX has been around $0.17 lately, and the token has a market capitalization of about $100 million.
(By Elizabeth Napolitano)
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