Photo: cointelegraph.com
Coinbase enables staking for NY residents after regulatory approval
Coinbase has received regulatory approval to allow New York residents to stake assets like Ethereum (ETH) and Solana (SOL), marking a significant expansion of its services.
- Coinbase announced that New York residents can now stake assets, including Ethereum (ETH) and Solana (SOL), following approval from state regulators.
- This development expands Coinbase's offerings in New York, enhancing the ability of cryptocurrency users to earn rewards on their staked assets.
- The approval is part of Coinbase's efforts to comply with New York's stringent regulatory environment, which is known for its strict cryptocurrency policies.
Why It Matters
This move highlights the growing acceptance of cryptocurrency in regulated markets, particularly in New York, which could pave the way for broader adoption and innovation in the financial sector.