Coinbase Adds Solana Staking
- June 30, 2022
- 0
Bitcoin exchange Coinbase has added Solana (SOL) to its Stake offerings and announced further expansion of the service. You can find all the details on our blog: https://t.co/Wvw6uq6A4w
Bitcoin exchange Coinbase has added Solana (SOL) to its Stake offerings and announced further expansion of the service.
You can find all the details on our blog: https://t.co/Wvw6uq6A4w pic.twitter.com/GWoP3KXGsn
— Coinbase (@coinbase) 29 June 2022
Users will automatically start earning income from their coins in the exchange wallet. Annual rate ~3.85%, minimum balance starts at $1.
Prize payments will be made every 3-4 days.
SOL has become the seventh cryptocurrency supported by the Coinbase staking service, after Ethereum (ETH), Algorand (ALGO), Cosmos (ATOM), Tezos (XTZ), Cardano (ADA), and DAI.
“When users risk their cryptocurrencies, they make the underlying blockchain more secure and efficient. And in return, they receive additional assets from the network, which are paid as a reward,” he said.
SOL price has dropped more than 8% in the last 24 hours (CoinGecko), while the coin is trading at just over $32. Compared to the historical maximum recorded in November 2021, prices fell by 87.5%.
Recall that in June Coinbase announced the launch of bitcoin nanofutures.
The exchange also announced the shutdown of the Coinbase Pro platform for professional traders.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
