Binance exchange is now offering online coin staking for many of the biggest and most popular cryptocurrencies.

Simply hold the coins in your exchange wallet and get paid automatically, earn compound interest on your coin holdings.

What is coin staking you might ask? Staking is an energy efficient way of mining coins, by holding coins in the wallet you are securing the network and earning mining rewards.

What Binance offers to do is hold everyone's coins in a large pot, and this way they have a better chance to mine more coins, which in turn means everyone profits more.

Many people are already holding these coins on exchanges anyway, and now many of the big exchanges are offering the mining rewards from the coins they were already staking.