Coinbase Launches Staking in New York, Could Allow Residents to Earn Ether (ETH) Rewards

Coinbase staking in New York lets residents stake assets like ETH and SOL directly on Coinbase to earn network rewards after state regulatory approval, enabling eligible users to begin earning staking returns while Coinbase expands its ￰0￱ ￰1￱ staking in New York allows ETH and SOL staking for eligible ￰2￱ regulators approved Coinbase’s staking service in New York following clarified compliance ￰3￱ estimates residents in four states missed > $130 million in rewards due to prior ￰4￱ staking New York: New Yorkers can now stake ETH and SOL on Coinbase — start earning rewards ￰5￱ how to stake ￰6￱ is Coinbase staking in New York? Coinbase staking in New York is a regulated offering that enables eligible New York residents to delegate or lock supported assets on Coinbase to earn on-chain ￰7￱ service launches after state regulatory approval and covers assets including Ether (ETH) and Solana (SOL).

How can New York residents stake ETH and SOL on Coinbase? New York users with verified Coinbase accounts can opt into staking via the Coinbase app or web ￰8￱ mechanics depend on each protocol: some assets require delegation to validators (e. g., SOL), while ETH staking follows network consensus rules; Coinbase handles validator operations and reward ￰9￱ announced the rollout in a company blog post, crediting New York Governor Kathy Hochul for regulatory clarity that enabled ￰10￱ company said it plans to expand staking to more ￰11￱ as approvals permit.) Open or verify your Coinbase account and complete KYC ￰12￱ asset eligibility (e. g., ETH, SOL) in the Coinbase staking ￰13￱ into staking for the supported asset and review terms and ￰14￱ the stake amount and complete the on-screen ￰15￱ rewards and unstaking rules in your account dashboard. , Key Takeaways Regulatory milestone : New York approval clears a major ￰16￱ for Coinbase ￰17￱ access : Eligible New York residents can stake ETH, SOL and other supported assets on ￰18￱ impact : Coinbase estimates over $130 million in missed rewards across several states due to prior bans; expansion may restore access to those ￰19￱ This regulatory approval positions Coinbase staking in New York as an accessible path for residents to participate in proof-of-stake networks and earn ￰20￱ will continue expanding staking services as approvals ￰21￱ should verify account eligibility and review staking terms before ￰22￱ has launched crypto staking in New York, allowing residents to earn rewards on assets such as ETH and SOL following state regulatory ￰23￱ exchange Coinbase said New York residents are now able to stake their assets following approval from state ￰24￱ a Wednesday blog post, Coinbase said its users could begin earning rewards from staking in Ether (ETH), Solana (SOL), and other ￰25￱ company credited New York Governor Kathy Hochul for “embracing progress and providing clarity” leading to the approval, with plans to continue expanding staking services across the US.

“This is a big win for New Yorkers, and a step toward ensuring every American has equal access to the future of finance,” said Coinbase. “But our work is not ￰26￱ estimate that residents in California, New Jersey, Maryland, and Wisconsin have collectively missed out on more than $130 million in staking rewards due to state-wide bans.” The move into New York followed several US state regulators dismissing lawsuits against Coinbase over allegations the exchange’s staking services violated securities ￰27￱ 10 states filed similar lawsuits in 2023, but authorities in South Carolina, Alabama, Kentucky, Vermont and Illinois dropped the cases this year.