US-based crypto exchange Coinbase has added support for Solana staking offerings and has announced it plans to expand the service in the future.
Now, users will automatically start receiving income on their coins in the exchange wallet. The annual rate is about 3.85%, whereas the minimum balance is from $1. In addition, reward payments will be made every 3-4 days.
Solana is the 7th crypto supported by the Coinbase staking service. It has joined Ethereum, Algorand, Cosmos, Tezos, Cardano and DAI.
The trading platform has wrriten:
“When users stake their cryptocurrency, they make its underlying blockchain more secure and efficient. And in return, they receive additional assets from the network, which are paid as a reward.”