US-based cryptocurrency exchange Coinbase has announced that it has launched Cardano (ADA) staking.
Coinbase, March 24 In a statement on his official blog page on Expand their staking offering to include Cardano in line with plans to scale their staking portfolios announced.
senior product manager at Coinbase Rupmalini Sahuin the announcement of Cardano staking Cardano’of the A blockchain designed as a next-gen evolution of Ethereum that it is and It is among the top 10 most valuable cryptocurrencies by market value. mentioned.
Coinbase According to the statement made by Cardano stakingThe estimated annualized rate of return (APY) of 3.75% expected to be. This rate will vary depending on the number of users staking. Users receive rewards 20-25 days after an initial staking period every 5 or 7 days one will get.
Also in sharing that staked Cardanos will remain in users’ accounts and that the service can be canceled at any time place was given.
CoinGecko according to data in the last 24 hours 9.3% appreciated Cardano (ADA)at the time of writing from $1.16 is being traded.