Coinbase Announces It Will Now Support Staking for Unexpected Altcoin

According to the last minute development, Coinbase announced in its statement that it has launched the staking feature for Avalanche (AVAX).

In the post on the official blog of the cryptocurrency exchange, it was said that users can obtain 4.47% APY with AVAX staking.

Currently, Coinbase offers staking services for ETH, DOT, MATIC, SOL, ADA, ATOM and XTZ.

In addition, users can also stake USDC.

Although Coinbase offers staking services in the USA, this is a mechanism that the SEC opposes. As a condition for approving Ethereum Spot ETFs, the SEC required that these products not provide staking services.

*This is not investment advice.

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