Coinbase cryptocurrency exchange in a blog post published on November 6 has announced that it is offering staking services beyond coinbase custody to all US customers beginning with Tezos.
Staking lets you earn income with your crypto by participating in the network of a particular asset. When you stake your crypto, you make the underlying blockchain of that asset more secure and more efficient. And in exchange, you get rewarded with more assets from the network.
According to the post, Coinbase is granting a simple and more secure way for people to take part in the Tezos network, also Customers holding any Tezos held on the exchange will be qualified to collect staking rewards of about 5%.