Coinbase Prime Introduces Polygon ($MATIC) Staking
Coinbase prime, the prime broker platform of the Nasdaq-listed cryptocurrency trading platform Coinbase, has begun providing Polygon ($MATIC) staking services to its customers, letting them earn rewards while securing the network.
In a tweet, the business noted that investors may receive incentives using its interface’s “institutional-grade, fully integrated staking.”
Coinbase Prime presently supports staking for a variety of other assets, such as Solana ($SOL), Ethereum ($ETH), Tezos ($XTZ), Celo ($CGLD), and Polkadot ($DOT). According to the exchange, Premier provides an “integrated solution that provides the same safe offline storage” as Coinbase Custody, as well as an “advanced trading platform and prime service so you can manage your crypto assets in a single location.”
The Coinbase Prime platform is not accessible to regular investors, but rather to people and institutions that fulfil specific qualifying requirements.
As reported by CryptoGlobe, the exchange has disclosed that it expects to respect its agreement to support the Flare ($FLR) token airdrop for consumers who held $XRP at the time of the snapshot on December 12, 2020.
According to a series of tweets provided by Coinbase with its customers, XRP holders in “supported jurisdictions” will get the airdrop. The exchange stated that it cannot guarantee support for specific jurisdictions and that FLR trading is “anticipated to be widely accessible in Coinbase’s supported jurisdictions.”
This month, Coinbase said that its self-custody crypto wallet program Coinbase Wallet will discontinue support for four major cryptocurrencies, including XRP, beginning in January 2023 due to “poor use.”