Coinbase expands its staking services beyond Ethereum, partnering with Figment to offer direct staking for Solana (SOL), Avalanche (AVAX), and Sui (SUI). This move could attract traditional financial institutions seeking higher returns in the crypto market. By allowing institutional clients to earn staking rewards directly from Coinbase Custody without off-platform movement, Coinbase is simplifying a previously complex process. This strategy offers potential benefits like increased returns and reduced operational complexity for institutions like hedge funds, asset managers, and family offices, all while complying with regulatory standards as Coinbase is a qualified custodian.