Coinbase Prime has announced that it will launch an Ethereum staking service exclusively for corporate customers in the US.
The company offers an important feature for financial institutions that want to enter the crypto money industry but have hesitations about it.
Coinbase said in today’s blog post that Coinbase Prime has also added Ethereum to its staking options for US institutional customers.
Coinbase Prime’s new product adds an important feature for institutions that don’t know exactly how to enter the industry.
In this way, companies will have the opportunity to earn passive income by avoiding risks.
Coinbase Prime also offers staking services for Solana, Polkadot, Cosmos, Tezos, and Celo tokens.
Aaron Schnarch, Chief Product Officer of Coinbase, said that institutional customers can create a wallet and start staking ETH in their Coinbase Prime account.
Ethereum Merge Approaching
Merge, the highly anticipated upgrade of the Ethereum network, is now quite a short time away. Ethereum developers said the merge could begin on September 19.
With Ethereum Merge, the network will switch from proof-of-work to proof-of-stake. With this move, Ethereum’s carbon footprint is also planned to be reduced.
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