Staking as a Game Changer: Coinbase's Subscription Service Takes Crypto Investing to the Next Level

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The San Francisco based exchange has been leveling up and expanding its service across different regions, it recently announced its Coinbase One service that will allow it users to enjoy low fee on staking and a slash discount in other exchange based activities which includes low trading fee with a one time subscription service. Couple of months ago I wrote a post SEC on kraken exchange staking fines $30 million; will US be missing out on crypto? sighting the role of Security Exchange Commission (SEC) in determining how/when staking should be carried out will Coinbase have a flexible hitch free staking service without having SEC intercepting their plans?

Coinbase on one side have been on forefront charging SEC and its team for more clarity on how staking and securities works in the crypto industry which has not been addressed yet by the SEC there is plenty of work for both team to settle their differences.

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Staking involves a process of locking up cryptocurrency to keep a blockchain network running, it is mostly done on Proof of stake (PoS) blockchain networks, which allow investors/validators to lock up certain amount of token for rewards pending on their staking period.

The new Coinbase One subscription service

Coinbase One service comes with benefits which will allow users to pay monthly bill so as to get trading fees slashed, it will also allow customers to have special 24/7 support and a lower commission on staking, Proof of stake based tokens like Cardano (ADA), Cosmos (Atom), Solana (Sol) and Tezos (XTZ) will be available for staking one the exchange, earning more from their staked crypto without added trading fee, at the moment this service is available to users in this region; San Francisco, U.K, Ireland and Germany. Coinbase announce it "go broad go deep" strategy that will expand it service across different countries the one coin service is one of it one stop strategy towards achieving its goal.

Things could go north for Coinbase with SEC on the other hand looking for loopholes to nail down the exchange since this service isn't fully approved by the almighty SEC, what could go wrong in near future for Coinbase I guess they are well prepared ahead of this and might go very defensive when SEC comes knocking for answers.

What are your thoughts on this new service? Will Coinbase go on with this new strategy seeing how regulation against crypto staking are not yet clarified by SEC.



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2 comments
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Coinbase is positioned to become the first true crypto bank in the US and staking is just another form of financial products they will offer.

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Sure it a good step toward making crypto adoption more accessible through staking for millions of users.

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