Principally the way it works is that when you stake your ETH through Binance, they offer you a bETH token to indicate your contribution to the staking pool. After the Merge goes dwell, they might credit score to your account on a 1:1 foundation ETH for each bETH you maintain, that is assured.
Nonetheless, there’s additionally an open market (bETH/ETH pair) the place Binance customers can commerce bETH for ETH and vice versa. On this situation, in the intervening time the change charge is round 0.94, which implies that there’s extra promoting stress of individuals eager to exit their staking positions for ETH. If you’re sure you need to maintain till the Merge, Id recommendation to purchase bETH for ETH as an alternative of staking 1:1, that manner you get a further +6% upon buying and selling and begin accruing rewards.