Staking is an essential part of maintaining the ecosystem of proof-of-stake tokens and drives profits to cryptocurrency owners and exchanges.
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
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New Yorkers can now stake on Coinbase
Coinbase (Nasdaq: COIN), the leading crypto exchange in the U.S., announced on Oct. 8 that it has received regulatory approval from state authorities to offer crypto staking services to New Yorkers.
Cryptocurrency exchange Coinbase is taking a stake in Circle, the issuer of the USDC stablecoin, signifying a closer relationship between the two crypto heavyweights. Stream San Diego News for free, ...
The Competition Commission of India signed off on Coinbase acquiring a minority stake in crypto exchange CoinDCX, giving the company a significant investment in the Indian market.
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