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Coinbase: Announces ETH2 staking rewards for UK customers

Laura M
By Laura M

Coinbase: Announces ETH2 staking rewards for UK customers

  • Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin
  • Announced that users in the UK will soon be able to earn staking rewards with ETH2, the upgraded version of Ethereum
  • Staking allows customers to earn up to 5%* APR per year by converting their ETH, the second most popular cryptocurrency
  • Once converted into ETH2 their assets are added to the staking-pool which helps to secure the blockchain
  • Performs this staking on the customer’s behalf, bringing greater accessibility to one of the key features of the crypto-economy
  • There are no minimum amounts required to stake and customers can convert

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