On March 23, the cryptocurrency exchange Coinbase announced the platform will now allow cardano staking services. ADA
, according to an announcement from the Coinbase executive Rupmalini Sahu. The firm’s senior product manager said that while people can stake on their own by delegation, Coinbase’s staking is “easy [and] secure.”
According to Sahu, the current staking annual percentage yield on Coinbase is 3.75% and after a probation period of 20-25 days, users can then obtain rewards with the exchange. The Coinbase blog post stresses that the users “always maintain control” and claims “your Cardano always stays in your account; you just earn rewards while keeping your crypto safely on Coinbase.
Cardano Is Coinbase’s 5th Staking Product, Senior Product Manager Says Firm ‘Plans to Continue to Scale Staking Portfolio’
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