Coinbase Debuts Crypto Staking in New York, Citing Deal With State Regulators
Coinbase announced Wednesday it has begun offering crypto staking services in New York, after years of carving the state out of its lucrative yield programs due to regulators’ objections.
New Yorkers can now earn yield by staking deposits of Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygona, and Polkadot on Coinbase. The most high-paying of those programs offers an estimated APY of over 16% on staked Cosmos. The company’s Ethereum staking program, by far its most popular, earns an estimated annual yield of 1.9%.
“Thanks to Governor Hochul’s leadership in embracing progress and providing clarity, this milestone marks a meaningful step forward in ensuring residents of the Empire State have access to the same…
