The prime broker platform of Nasdaq-listed cryptocurrency trading platform Coinbase, Coinbase Prime, has started offering Polygon ($MATIC) staking services to its users, allowing them to earn rewards while helping secure the network.
In a tweet, the company pointed out that investors can earn rewards with “institutional-grade, fully integrated staking” on its interface.
Coinbase Prime currently allows staking for a number of other assets including Solana ($SOL), Ethereum ($ETH), Tezos ($XTZ), Celo ($CGLD), and Polkadot ($DOT). According to the exchange, Prime offers an “integrated solution that provides the same secure offline storage” offered through Coinbase Custody, along with an “advanced trading platform and prime service so you can manage your crypto assets in one place.”
Coinbase’s Prime platform isn’t available to retail investors, and is instead only accessible to individuals and institutions that meet certain eligibility criteria.
As CryptoGlobe reported, the exchange has also recently revealed it intends to honor its commitment to support the Flare ($FLR) token airdrop for users who held $XRP at the time of the snapshot, which was back on December 12, 2020.
According to a series of tweets Coinbase shared with its users, the airdrop will be distributed to XRP holders in “supported jurisdictions.” The exchange clarified that it cannot guarantee support for any particular jurisdiction and that FLR trading is “expected to generally be available in Coinbase’s supported jurisdiction.”
Also read: Is Coinbase Going Bankrupt?
Notably, Coinbase was one of the cryptocurrency exchanges that delisted $XRP after the U.S. Securities and Exchange Commission (SEC) sued Ripple and two of its executives alleging they sold unregistered securities when they issued $1.3 billion worth of XRP tokens. Ripple denies XRP is a security.
Earlier this month Coinbase said its self-custody crypto wallet app Coinbase Wallet would be dropping support for four major cryptoassets, including XRP, from January 2023 over “low usage.”
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