Coinbase custodian platform added Cosmos staking support

by in Cryptocurrency News

Cosmos

Coinbase Custody, the custodial platform of the American cryptocurrency company Coinbase for institutional investors, added support for Cosmos token staking (ATOM).

This feature will allow Coinbase Custody customers to store ATOM tokens and generate passive income. Coinbase Custody did not disclose the size of the commission for staking.

Coinbase Custody supports XTZ and ALGO token staking. Coinbase is Tezos' largest validator, despite a high commission of 25% (while Kraken charges 7.25% for staking and Binance does not currently charge a commission).

Trending: International crypto regulation standards may appear in 2021

Also, support for staking recently announced Binance.US and Bitfinex. The first (like Coinbase now) supports Tezos, Cosmos and Algorand staking, and the second - Cosmos, EOS, and V.Systems staking. Binance currently supports staking over 15 coins, including Tezos, Cosmos, Algorand, and EOS.