RATE Group | Custody of Coinbase Extends Cryptocurrency Staking to Global Investors
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Custody of Coinbase Extends Cryptocurrency Staking to Global Investors

26 Nov Custody of Coinbase Extends Cryptocurrency Staking to Global Investors

Posted at 07:24h in Cryptocurrency News by

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The institutional asset custody arm of United States-based crypto exchange Coinbase has announced it is transitioning to an internationally-based staking service as of Nov. 21.

In rolling out the staking services to global investor base, the custody of Coinbase appears to be leveraging its brand recognition to promote staking as a key emergent investment strategy for the blockchain and cryptocurrency space.

The announcement also states that the intention of the custodian is to offer all of its global clients “appropriate access to crypto first features like staking.”

Coinbase Custody has been offering an institution-grade staking service for Tezos (XTZ) as of March 2019 and this is subject to jurisdictional eligibility requirements – with the company’s flagship exchange rolling out support for XTZ staking to U.S. clients earlier this month.

The Way Staking Works

Staking is specific to Proof-of-Stake (PoS) blockchains and essentially allows network…

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