Coinbase Custody expands Tezos staking service to all global clients
November 22, 2019, 6:50AM EST
1 min read
Coinbase Custody, the cryptocurrency exchange’s storage unit, has expanded its Tezos (XTZ) staking service to all global clients.
Announced Thursday, Coinbase Custody said it is transitioning to an internationally-based staking service, where all of its global clients can have access to the service.
Initially only available for institutional clients, the staking service was recently extended to all U.S. customers of Coinbase Custody and now it has been made available to all investors globally.
Coinbase Custody currently allows staking for only Tezos (XTZ) cryptocurrency, offering rewards of around 5%. It first launched the service in late April. In July, The Block reported that the firm had generated an estimated revenue of $7,580-$8,324 from Tezos rewards during its first two months in operation.
Looking ahead, Coinbase Custody is said to be launching staking service for more cryptocurrencies and blockchain networks that utilize proof-of-stake systems.