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
