Coinbase Launches Ethereum Staking For Institutional Clients

Coinbase Launches Ethereum Staking For Institutional Clients

Coinbase Launches Ethereum Staking For Institutional Clients

According to a company blog post, U.S. customers of Coinbase Prime now have Ethereum staking.

“Customers can create a wallet, decide on an amount, and start staking from the ETH Assets page of their Coinbase Prime account,” the firm wrote.

Data: Coinbase Blog.

The funds will be placed in the cold storage of the institutional platform.

Coinbase Prime also features the ability to stake Solana, Polkadot, Cosmos, Tezos, Celo, and other crypto assets.

Recall that in July, the developers of Ethereum tentatively approved the blockchain migration to Proof-of-Stake on September 19, 2022.

The Goerli testnet will switch to the new consensus algorithm when the cumulative network difficulty reaches 10,790,000. According to the developers, this will happen between August 6 and 12.

Share this post

Leave a Reply

Your email address will not be published.