Coinbase Launches 5% Staking Rewards for Cosmos’ ATOM

Atomic devices
(Dan Meyers/Unsplash)

Coinbase is expanding its staking rewards program to embody Cosmos’ ATOM token. Starting Tuesday, customers will robotically birth up incomes 5% yearly on their ATOM holdings.

  • ATOM is entirely the second cryptocurrency to be half of Coinbase’s simply about year-frail rewards program, after tezos (XTZ) kicked off the provider in 48 U.S. states closing November.
  • With the addition of ATOM, Coinbase is making staking readily accessible to eligible customers in the U.S., Britain, France, Spain, Netherlands and Belgium. The same geographies (aside from for Belgium) were covered in a selection of XTZ rewards in Would perhaps. 
  • Coinbase projects the staking yield around 5% per ancient rewards price recordsdata. The San Francisco-basically basically based substitute acknowledged this would possibly occasionally pay out ATOM rewards every seven days. XTZ payouts near every three.
  • Cosmos, an interoperability mission intended to join blockchains and their native tokens, has been gaining steam in fresh months. CoinDesk reported in August that Cosmos blockchain applied sciences were extinct to “stable” $6 billion in crypto resources.
  • Coinbase first listed ATOM in January 2020.

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