Coinbase Secures Approval for Staking Services in New York
Coinbase Gains Staking Access in New York
- Coinbase has received regulatory approval to offer its staking program to New York residents.
- This marks the first time Coinbase can provide staking under New York's BitLicense framework.
Staking Eligibility and Supported Assets
- New York users can stake supported assets, including Ethereum and Solana.
- Eligibility is subject to jurisdiction-based rules that may limit staking in certain regions.
How the Process Works
- Eligible users can stake directly from their Coinbase balances.
- Unstaking is possible after specific network waiting periods.
- Users retain ownership of assets throughout the staking cycle according to Coinbase’s documentation.