Binance Adds Support for New Bitcoin Staking Project
Binance is expanding its ecosystem by backing a new Bitcoin-based staking solution called Babylon, which just launched its Genesis phase.
The move marks a fresh use case for BTC — one that doesn’t rely on traditional bridging.
Following the listing news, Babylon’s token (BABY) saw a quick spike, briefly climbing from $0.084 to $0.099 before settling around $0.087, still up nearly 5% on the day.
The Babylon protocol is tackling long-standing issues around Bitcoin’s scalability and limited smart contract functionality.
Instead of attempting to move large amounts of BTC onto sidechains or layer-2s — a process often hindered by security and capacity limits — Babylon introduces a method that lets Bitcoin be used to secure proof-of-stake chains directly, without leaving the Bitcoin network.
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Babylon’s approach could mark a significant turning point in how Bitcoin interacts with the broader crypto ecosystem.
By enabling BTC holders to participate in PoS security without bridging assets, the protocol sidesteps one of the biggest limitations of previous scaling attempts.
This could attract a wave of interest from institutions and long-term Bitcoin holders looking for yield opportunities without compromising on-chain security. With Binance now supporting the project, Babylon is likely to see increased exposure and adoption, potentially setting a new precedent for Bitcoin utility beyond being a passive store of value.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
