Coinbase Enters New York Market with Crypto Staking Launch

Coinbase, a leading cryptocurrency exchange globally, has launched crypto staking services in New York, marking a significant milestone for the state’s burgeoning digital asset market. The platform’s launch follows regulatory approvals from New York Department of Financial Services (NYDFS) and provides residents with opportunities to earn rewards on popular coins like Ethereum (ETH) and Solana (SOL). Coinbase allows users to stake their crypto assets directly on its platform, adhering to NYDFS rules.