Coinbase Announces Waitlist for Ethereum 2.0 Staking
- Coinbase will allow users to stake any amount of ETH.
- The exchange will take a 25% cut of the staking rewards users receive.
Coinbase CEO Brian Armstrong appears on stage at the 2014 TechCrunch Disrupt Europe/London, at The Old Billingsgate on October 21, 2014 in London, England. Anthony Harvey/Getty Images for TechCrunch
Coinbase users are now able to reserve their spot on the waitlist that enables them to earn a yield of up to 7.5% for holding ETH2.
According to the company’s announcement, Coinbase will allow users to stake any amount of ETH in their accounts. To run a validator node directly on Ethereum’s new blockchain, users would need to stake 32 ETH.
“We initially announced our support for ETH2 last fall, and we’re excited to be one step closer to delivering on our promise,” the company said in its blog post.
Initially, customers won’t be able to sell or send the funds they staked through Coinbase. However, the company said it will offer a way to trade staked ETH in the coming months. Coinbase’s User Agreement states that the company will take a 25% commission of the rewards received.
- A little over $13 million in altcoins were sent to crypto exchanges Binance and Coinbase in the past 24 hours, which is in accordance with a September court order.
- The court ordered a phased liquidation process, which allows the bankruptcy estate to sell $3.4 billion worth of digital assets over a certain period of time.
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- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
- During an interview with FT, CEO Brian Armstrong said that before the lawsuit a SEC staff member had said that all crypto except BTC was security, and should be delisted.
- When asked how he came to that conclusion, the SEC staff member reportedly said “we’re not going to explain it to you, you need to delist every asset other that Bitcoin”.