Coinbase Now Offers Ethereum Staking to US Institutional Clients
The global cryptocurrency exchange, Coinbase, has announced that it is now offering Ethereum staking to its institutional domestic clients in the United States on Coinbase Prime. This expands Coinbase Prime's list of staking options, providing U.S. domestic institutional clients with more opportunities to generate yield on their ETH holdings.
Ethereum Staking Now Available on Coinbase Prime
Coinbase Prime, Coinbase's integrated solution for secure custody and advanced trading, has added Ethereum staking for U.S. domestic institutional clients. Institutional clients of Coinbase Prime based in the US will now be able to stake ETH on the platform, with funds secured in the firm's cold storage vault. This offers a secure and reliable way for institutions to participate in the Ethereum network and earn staking rewards.
Tl;dr: We’re launching Ethereum staking to US domestic institutional clients on Coinbase Prime. Using our industry-leading cold storage, clients can now generate yield by staking their ETH.
Coinbase Prime's End-to-End Staking Experience
Coinbase Prime provides an end-to-end staking experience for institutions. Clients can create a wallet, decide how much ETH to stake, and initiate staking directly from the ETH Assets page of their Coinbase Prime account. Coinbase announced that it is launching Ethereum Staking to the US domestic institutional clients on Coinbase Prime, making it easier than ever for institutions to participate in the Ethereum ecosystem.
According to a blog post published on Monday, Coinbase Prime was adding Ethereum to its growing list of staking options for US domestic institutional clients, further solidifying its position as a leading provider of cryptocurrency services for institutions.