Coinbase launches staking in Europe
Coinbase launches staking in Europe
Crypto

Coinbase launches staking in Europe

By Alfredo de Candia - 29 May 2020

Chevron down

Coinbase has announced the introduction of staking, valid only for certain countries in Europe, thus allowing them to put crypto assets to good use.

The exchange, in the announcement post, recalled the commitment it puts into offering the best possible service to its users, for which it stores cryptocurrencies.

Coinbase and staking with Tezos

As far as staking is concerned, the Coinbase exchange will start from staking XTZ, which has led American users to earn over $2 million in Tezos.

Staking must be carried out by holding the crypto between 34 and 40 days, whereas the payment of the reward will take place every 3 days, as explained in this updated guide.

Note that the interest received in exchange for these tokens is around 5%, which is variable and will fluctuate over time depending on how the network behaves, the number of participants and so on.

At least for now, participants will only be able to access from their account to activate this function. In France, Tezos has been recently introduced in the tobacconist’s circuit and in more than 10 thousand shops, allowing a greater diffusion of the XTZ crypto.

The latest news about Tezos

Tezos has only recently entered into a partnership with Chainlink; moreover, thanks to its staking feature, it falls into the category of decentralized finance (DeFi) because by locking tokens, i.e. staking them, there is an economic gain in XTZ linked to the current quantity and rate, which is calculated on the basis of the network and its use.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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