USA’s largest cryptocurrency Coinbase, one of the stock exchanges, announced in its statement that it offers its corporate customers in the USA on Coinbase Prime. Ethereum reported that it started to offer staking services.
Coinbase To Offer Ethereum 2.0 Staking Service To Its Institutional Clients
Announcing that they have fully integrated the staking feature in Coinbase Prime, Coinbase said:
“Coinbase Prime offers institutions a completely end-to-end staking experience. Customers can create a wallet, decide how much to stake, and initiate staking from the ETH asset page on their Coinbase Prime account.
Ensuring the security of client funds is our highest priority. We always keep withdrawal keys in our cold storage vault, which means staked ETH and retained earnings are always safe. To further ensure the security of client accounts, consensus must be completed before staking is executed.”
Coinbase reported that staked Ethereum tokens will be listed directly as ETH2 and no separate ETH 2.0 token will be created.
The cryptocurrency exchange said the following about the staking system on ETH:
“Staking can provide passive income on assets currently under custody by providing the useful job of providing security to its underlying Blockchain. The Ethereum Blockchain rewards stakers who do well and punishes those who fail in their mission. Therefore, it is important to stake with a reputable and effective service provider to earn maximum rewards while minimizing risk.”
*Not investment advice.