Coinbase introduced crypto staking for New Yorkers after regulatory approval, allowing them to earn rewards on assets such as Ether (ETH) and Solana (SOL). Governor Kathy Hochul’s support was pivotal in this progress.
The exchange plans to extend staking services to other states and revealed that state-wide bans have caused a combined loss of $130 million in staking rewards for residents in states like California and New Jersey.
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