Crypto exchange Coinbase has announced that it now offers staking support for a second Proof-of-Stake (PoS) blockchain.
On 6 November 2019, Coinbase announced staking support for PoS blockchain Tezos (XTZ). The idea was that eligible U.S. customers would be able to earn around 5% APY from staking rewards simply by keeping their XTZ holdings on Coinbase.
Then on 28 May 2020, Coinbase said that it was making this feature available for its users in the UK and certain EU member countries.
Well, around 20:18 UTC on Tuesday (September 29), Coinbase announced that it was now offering staking support for Cosmos.
Product Manager Rhea Kaw said in her blog post that eligible customers in the US, UK, France, Spain, Netherlands, and Belgium could now earn passive income (around 5% APY) from their ATOM holdings on Coinbase.
According to data from CryptoCompare, currently (as of 07:48 UTC on September 30), ATOM-USD is trading at $5.398, up 7.79% in the past 24-hour period:
