Coinbase Launches Staking for New York Residents: Regulatory Approval Enables Rewards

Cryptocurrency exchange Coinbase has officially launched staking services for New York residents following approval from state regulators. Users can now earn rewards on their ETH, SOL, and other assets. The company credits Governor Kathy Hochul for her support, paving the way for broader staking service expansion across the US. Meanwhile, Coinbase recognizes the missed opportunities for residents in California, New Jersey, Maryland, and Wisconsin who have been impacted by state-wide bans on staking. According to Coinbase’s Vice President of Legal, Ryan VanGrack, this is a significant win for New Yorkers and a step toward financial inclusion for all Americans. However, their work isn’t done; they aim to reach wider states with similar offerings in the near future.