What is BETH in cryptocurrencies?

BETH is a tokenized version of ETH that is used for staking on Binance. Each BETH is equal to 1 ETH in ETH 2.0 Beacon Chain staking. Beth token holders are eligible to receive rewards earned by a Binance node in ETH 2.0 staking. The user can hold BETH on Binance for staking rewards or withdraw them to Binance Smart Chain to use in De-Fi applications.