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Binance has reportedly&nbsp;<a target="_blank" href="https://www.reddit.com/r/CryptoCurrency/comments/14gtetj/binance_raising_the_personal_quotas_for_earning/" rel="noreferrer noopener">raised</a>&nbsp;the minimum staking amounts of several cryptocurrencies, such as solana (SOL), polkadot (DOT), and cosmos (ATOM), for users wishing to stake in their earning products. 
<h2 class="wp-block-heading" id="strong-binance-adjusts-asset-caps-strong">Binance adjusts asset caps</h2> 
The Binance Earn products are a suite of offerings that allow token holders to earn passive income from their crypto assets. Some of these products include Flexible Savings and Locked Savings. In the latter, a user can lock a token for a specific period. After this, they can withdraw their staked coins and rewards earned. 
 You might also like: <a href="https://crypto.news/binance-former-doj-sec-allegations/"> Binance engages former DOJ prosecutor to counter SEC allegations </a> 
Binance raised the caps for locking assets for 120 days on several crypto assets. As such, to lock ATOM for 120 days, users must now lock a minimum of 1,000 ATOM, up from 30 ATOM. Meanwhile, SOL stakers must lock at least 500 SOL, which is an increase from 30 SOL. 
However, as a consequence, the annual percentage rates (APRs) associated with these products have been reduced by 1-2 percent. 
While some investors appreciate the simplicity and convenience of staking on a centralized exchange (CEX) like Binance, others prefer the alternative approach of staking directly on proof-of-stake blockchains like Ethereum and Cardano 
Although personal preferences vary, the change in Binance’s lock-up period is noteworthy because it could reveal market trends and potentially impact the choices of individual investors. 
<h2 class="wp-block-heading" id="strong-opinion-divided-strong">Opinion divided</h2> 
One&nbsp;<a href="https://www.reddit.com/r/CryptoCurrency/comments/14gtetj/binance_raising_the_personal_quotas_for_earning/" target="_blank" rel="noopener">interpretation</a>&nbsp;of Binance’s decision is that the exchange seeks to attract existing holders and new investments. This can be seen as a positive signal, especially considering the increase in ATOM’s cap before the United States Securities and Exchange Commission (SEC) sued Binance.&nbsp; 
The regulator alleges that, among other coins, ATOM and SOL, as examples of unregistered securities that Binance has enabled its citizens to trade illegally.&nbsp; 
On the other hand, a different perspective is that the increase in personal quotas could react to a growing number of individuals opting for self-custody solutions. This trend may have led to a decline in the customer base for centralized exchanges, prompting Binance to retain liquidity and prevent further loss of market share. 
There are varying opinions about this topic, leading to a divided community. Some perceive the development as a positive indication of Binance’s confidence in the long-term potential of cryptocurrencies, as they believe these assets can withstand market volatility. 
On the other hand, some people see this move as a last-ditch effort by centralized exchanges to hold onto their power and keep up with the changing market. They believe that the rise of self-custody options, which give individuals more control over their assets, has caused exchanges like Binance to modify their services to remain relevant. 
 Read more: <a href="https://crypto.news/binance-us-usd-withdrawal-potential-discontinuation/"> Binance.US resolves USD withdrawal issues, warns of potential discontinuation </a>

Binance increases minimum staking amounts for cosmos, polkadot, and solana

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