фото показано с : invezz.com

San Francisco-based Coinbase digital currency exchange recently announced a decision to make another coin available for staking. The coin in question is Cosmos (ATOM), and eligible users can now earn 5% APY on their ATOM tokens.

Coinbase has been adding several cryptos to its staking platform, and just prior to this announcement, the exchange rolled out staking rewards for Tezos (XTZ). Tezos is now available for staking in the US, as well as several European countries, such as the UK, Spain, France, and the Netherlands.

As for Cosmos, Coinbase revealed that it will be available in all the mentioned countries, with the addition of Belgium, as well.

The move will allow Coinbase to take over another EU market. Meanwhile, the decision itself is speculated by some to be a result of the recent announcement published by the European Central Bank. The announcement mentioned a Digital Finance Package, which clarified regulations for traders and businesses involved with cryptocurrencies.

Now, Coinbase itself decided to make this new move due to the growing rate of adoption across the world. The exchange sees it as an easy way to bring the benefits of different cryptos to its customers in a safe way. From the exchange’s perspective, making cryptos available in such a way will speed up the growth of the entire crypto-economy.

Following the announcement, ATOM price went up by 8.5%, as a consequence of the so-called ‘Coinbase effect,’ which is already well-known in the industry. After all, Coinbase’s staking platform has allowed users in the US alone to earn over $2 million in crypto since staking was added to its list of available services.

The post Cosmos (ATOM) is now available for staking on Coinbase appeared first on Invezz.

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