Coinbase Custody adds staking support for Cosmos and Algorand tokens

Coinbase Custody has launched staking services for Cosmos (ATOM) and Algorand (ALGO) tokens.

The move allows Coinbase Custody’s clients to stake the two tokens and earn passive income. The rates of return and fees are currently unknown. The Block has reached out to the firm and will update this story should we hear back.

Coinbase Custody already supports staking for Tezos (XTZ) token and remains the largest operator of a Tezos staking validator, despite charging the highest fees at 25%.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Kraken and Binance currently charge no staking fees.

Several exchanges have recently ventured into staking, including Binance.US and Bitfinex. The former supports all three tokens that Coinbase now supports - Tezos, Cosmos and Algorand, while the latter currently supports Cosmos, EOS, and V.Systems.

Binance, on the other hand, currently supports over 15 coins, including Tezos, Cosmos, Algorand, and EOS.

Correction: This report has been amended to reflect that Kraken does not charge fees for staking.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.