United States-based cryptocurrency exchange and wallet service Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ).
In a blog post on Nov. 6, Coinbase announced that it is now introducing staking rewards for all Tezos holders on Coinbase, so that each eligible U.S. customer can earn interest on their XTZ holdings for depositing and holding the token on the platform.
After today, all eligible Coinbase customers holding Tezos on the exchange will be able to collect an estimated return for Tezos staking of around 5% per holding period of 35–40 days. Once customers’ initial holding period completes, they will receive rewards in their accounts every three days.
Coinbase has been actively expanding its services for U.S. customers, with Tezos staking being the most recent example. In early October, the exchange began to allow U.S.-based holders of USD Coin (USDC) to earn a 1.25% annual percentage yield.