Coinbase, one of the world’s largest cryptocurrency exchanges based in the USA, has launched an Ethereum (ETH) staking service for Coinbase Prime’s institutional customers in the USA.
coinbase, Monday, August 1 in his blog post on the day US institutional customers of Coinbase Prime among the staking options for Ethereumby adding the ETH staking service announced its launch. It was stated that thanks to the new product, corporate customers can now earn passive income with the funds secured by the company.
In the post, “Securing client funds is our highest priority.” which includes the coinbaseHe said that all withdrawal keys are kept in the company’s cold wallet, and customers must complete a reconciliation before staking, as the transaction must be added to a Blockchain network for it to be considered valid.
Product manager of Coinbase Aaron Schnarchcustomers who want to take advantage of the new product creating a wallet as much as they want to stake ETH He said they could start.
According to the blog post Coinbase Prime In addition, customers already Left (LEFT), Polkadot (DOT), Cosmos (ATOM), Tezos (XTZ) and Celo (CELO) It offers staking services on many assets, including