Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
OpenCover, a company that secured $4 million in seed funding with prominent investors such as NFX and Jump Crypto at the helm, recently received an additional injection of $200,000 in funding from Coinbase to enhance its launch on Base.
Coinbase (COIN) reported securing $57 million for their platform as of September 1, as detailed in an official filing with the SEC.
Whether or not staking ETH on Coinbase is a good idea depends on your investment goals which differ from one individual to another. However, there are benefits accrued when using Coinbase as your Ethereum 2.0 staking platform of choice. Coinbase is a leading US-based cryptocurrency investment platform.
Via the main Coinbase app or website, eligible users can stake Tezos, Cosmos, or ETH and earn as much as 5% interest (depending on the type of asset being staked) as of June 2021. Visit coinbase.com/staking to learn more.
To stake cryptocurrency on Coinbase, you need to be a qualified Coinbase user who fulfills all the staking eligibility requirements. Then, you will need to buy and hold your preferred asset in your Coinbase account. Eligibility requirements are: Open a Coinbase individual account. Complete identity verification. Complete ID document verification.
The company will pay you to keep your USDC on the Coinbase exchange. Starting today, Coinbase users will earn interest for every USDC they hold on the Coinbase exchange, the company announced Wednesday.
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