The San Francisco-based mostly major cryptocurrency exchange Coinbase has discovered its intention in a blog submit on the 30th of November that it will be supporting Ethereum 2. through staking and trading. The announcement from the famous digital forex exchange has come several hours ahead of the launch of the beacon chain of Ethereum 2. which is scheduled to arise on the 1st of December.
Staking and Investing of ETH 2. tokens now supported by Coinbase
Coinbase has offered affirmation to its consumers who are anxiously waiting for the Ethereum 2. upgrade of the world’s 2nd-biggest blockchain network that they will be capable to stake ETH 2. coins in the cryptocurrency exchange. Also, the cryptocurrency exchange explained that it will also let traders or investors trade staked tokens among ETH and ETH 2..
As the cryptocurrency exchange explained in its formal website put up:
“Coinbase intends to aid ETH2 through staking and trading. Coinbase customers will be ready to transform ETH in their Coinbase accounts to ETH2 and earn staking rewards. Although staked ETH2 tokens continue to be locked on the beacon chain, Coinbase will also empower investing concerning ETH2, ETH, and all other supported currencies furnishing liquidity for our customers.”
In addition, the crypto exchange has explained that these options will be rolled out for consumers at the starting of the following 12 months. And these features will be released only in suitable jurisdictions, mentioned the trade. A lot more particulars concerning these features will be unveiled lately.
Ethereum 2. is prepared for launch
The Ethereum network’s ETH 2. improve is now all set to be released on the scheduled date of December 1 as the necessary threshold of 524,288 Ether (ETH) has currently been completed efficiently a week before the launch day. Even the quantity of ETH deposited on the smart agreement of ETH 2. has surpassed the staggering 700,000 determine. Ethereum 2.0’s beacon chain is predicted to be launched nowadays.