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In a Tweet earlier this week, Coinbase Custody, the crypto exchange’s storage unit, unveiled it is “transitioning to an international friendly staking service” in a bid to ensure all of its clients have the opportunity to start earning a reward on their idle cryptocurrencies.
This follows an initiative made public approximately three weeks ago, in which Coinbase had announced it was giving U.S. customers (subject to jurisdictional eligibility) the opportunity to earn a 5% staking reward for simply holding Tezos (XTZ).
New to staking? check out our free staking guide to learn what staking is all about.
The latest announcements underscore Coinbase’ efforts to position themselves as the go-to ecosystem “for clients to have appropriate access to crypto-first features.”
Anyone interested in learning more about the opportunity to stake Tezos on Coinbase and to understand how to earn a return on idle cryptocurrencies may do so here.