Major Crypto Exchanges Tease Solana Liquid Staking Tokens, Will SOL Takeoff?

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Major Crypto Exchanges Tease Solana Liquid Staking Tokens, Will SOL Takeoff? - NewsBTC

Quick Summary:

Bybit stated it was "welcoming a new baby to the family” named bbSOL, while Bitget teased that "something BG is coming #BGSOL.” Despite not having further details, the community concluded the exchanges will launch Liquid Staking Tokens (LSTs), based on Sanctum’s comments.

Related Reading: TON-Based Memecoin DOGS Becomes Top 100 Largest Gainer With 30% Jump Exchanges Hint At New Solana-Based Products On Thursday, crypto exchanges Binance, Bybit, and Bidget created a buzz among crypto investors after hinting at the launch of new Solana-based products.

In a reply to Bybit’s post, the Liquid Staking protocol said it was "ready to help this bbSOL grow big and strong.” This suggests that the exchanges are entering the Solana Liquid Staking ecosystem.