Coinbase now offers staking rewards for Cosmos token
September 29, 2020, 4:25PM EDT
1 min read
Crypto exchange Coinbase is now offering rewards for staking ATOM, the native token of the Cosmos blockchain network.
ATOM is the second token Coinbase supports for staking rewards, after Tezos (XTZ). The exchange said customers in select jurisdictions — the U.S., the U.K., France, Spain, Netherlands, and Belgium — could start earning a 5% return per annum for staking ATOM.
Coinbase charges a 25% commission for staking ATOM, the same as for XTZ, a spokesperson of the exchange told The Block. "We take a commission on all rewards received, and the return rate for our customers reflects this commission," the spokesperson explained.
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