Share this article
Coinbase Launches 5% Staking Rewards for Cosmos’ ATOM
ATOM is only the second cryptocurrency to join Coinbase’s staking rewards program.
By Danny Nelson
Updated Sep 14, 2021, 10:02 a.m. Published Sep 29, 2020, 8:22 p.m.
Coinbase is expanding its staking rewards program to include Cosmos’ ATOM token. Starting Tuesday, users will automatically begin earning 5% annually on their ATOM holdings.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
- ATOM is only the second cryptocurrency to join Coinbase’s nearly year-old rewards program, after tezos (XTZ) kicked off the service in 48 U.S. states last November.
- With the addition of ATOM, Coinbase is making staking available to eligible customers in the U.S., Britain, France, Spain, Netherlands and Belgium. The same geographies (except for Belgium) were covered in an expansion of XTZ rewards in May.
- Coinbase projects the staking yield around 5% based on historical rewards rate data. The San Francisco-based exchange said it will pay out ATOM rewards every seven days. XTZ payouts arrive every three.
- Cosmos, an interoperability project meant to connect blockchains and their native tokens, has been gaining steam in recent months. CoinDesk reported in August that Cosmos blockchain technologies have been used to “secure” $6 billion in crypto assets.
- Coinbase first listed ATOM in January 2020.
Publicidade
Read more: Cosmos’ Founding Team Broke Up Early This Year. The Project Didn’t
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
