Coinbase Custody has expanded its offerings by introducing Tezos (XTZ) staking services for institutional clients. According to CoinDesk, this move aligns with the growing demand for secure staking solutions in the cryptocurrency space.
Key Details:
- Current XTZ Price: $0.8128 (6.12% daily increase at time of reporting).
- Service Focus: Provides institutional investors with a compliant platform to earn staking rewards on Tezos' proof-of-stake (PoS) blockchain.
Why Tezos Staking Matters for Institutions
- Passive Income: Staking XTZ allows investors to earn rewards while holding the asset long-term.
- Security: Coinbase Custody's insured cold storage mitigates risks associated with self-custody.
- Network Participation: Institutions contribute to Tezos' decentralization and governance.
FAQ Section
Q: What is Tezos staking?
A: Staking involves "baking" XTZ to validate transactions and secure the network, earning rewards in return.
Q: How does Coinbase Custody ensure security?
A: Funds are held in offline, multi-signature vaults with institutional-grade insurance coverage.
Q: Are staking rewards taxable?
A: Tax treatment varies by jurisdiction; consult a financial advisor for compliance.
👉 Explore institutional staking solutions for more opportunities in the blockchain ecosystem.
Note: This article is for informational purposes only and does not constitute financial advice. Prices and services are subject to change.
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