What is Coinbase’s staking feature?

Coinbase will participate in these networks and pass on the rewards to eligible customers who have opted into this feature. What is staking? Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain.

Can You stake Cardano’s Ada token?

In late March 2022, Coinbase, the prominent crypto exchange, expanded its staking initiatives by allowing users to stake Cardano’s ADA token. Upon launch, the crypto exchange predicted that staked Cardano ( ADA) would yield around 3.75% yearly percentage yield.

What are Coinbase rewards and how do they work?

Rewards are calculated based on the amount of the cryptocurrency you hold in that particular balance. Meaning, the more you hold of the cryptocurrency, the more Coinbase can stake on your behalf; and the more potential rewards you receive. Rewards are also impacted by the frequency of blocks produced by that cryptocurrency’s network.

How do I stake on Coinbase?

Beginning on November 6, 2019, eligible customers will have the opportunity to stake on Coinbase. On web: Go to Settings and select Financial Services. From there, you can toggle the Staking Rewards icon on to opt in. On mobile: Go to Settings on the iOS or Android app and select Financial Services.