Institutional clients of Coinbase Prime based in the US will be able to stake ETH on the platform. Funds are held in the company’s cold storage vault.
“Customers can create wallets. and choose how much to stake They can then start staked from the ETH Assets page of their Coinbase Prime account.” blog postpublished by the specified company
The stake allows investors to earn returns from cryptocurrencies They are tied to the asset pool, thereby supporting the liquidity and operation of the blockchain ecosystem. Investors can earn more than 20% per year on some platforms.
The blog post said “Preserving client funds is our top priority,” adding that all withdrawal keys are stored in the company’s cold storage vault.
Ethereum is currently changing from proof-of-work to proof-of-stake system The “The Merge” process is expected to take place in September.
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