April 25, 2024

Coinbase Adds Cosmos and Algorand Staking

Coinbase Adds Cosmos and Algorand Staking

Coinbase Custody has launched a staking service for Cosmos (ATOM) and Algorand (ALGO) tokens.

Coinbase Custody customers will now be able to receivepassive income from staking two tokens. 

The platform already supports Tezos staking (XTZ) and is currently the largest Tezos staking validator, despite the highest commissions among exchanges at 25%.

In comparison, Kraken charges a 7.25% commission for Tezos stake, while Binance does not charge a service fee at all.

The Binance exchange currently supports the staking of 15 coins, including Tezos, Cosmos, Algorand, and EOS.

Based on materialswww.theblockcrypto.com