Coinbase’s special users can stake their matic holdings on Coinbase Prime to earn passive money.
Coinbase Prime is an integrated solution that provides secure custody, and an advanced trading platform. In short, Coinbase’s prime services allow its customers to manage their crypto assets in one place. This service is fully backed by Coinbase exchange, which is a Nasdaq-listed American crypto exchange. This Nasdaq-listed crypto company is known for its compliance-based services.
On 16 Dec, Coinbase Institutional informed the Coinbase customers that Polygon’s matic coin is now supported on Coinbase prime, which means users can stake their Matic coin with institutional grade.
“Coinbase Prime now offers to stake for MATIC, one of the largest assets by crypto and staking market cap.”
Before this, Coinbase prime was only offering staking of Solana ($SOL), Ethereum ($ETH), Tezos ($XTZ), Celo ($CGLD), and Polkadot ($DOT).
Here it is worth noting that Coinbase prime service is not available to retail customers, instead limited numbers of institutional investors can use this service under specific requirements.
Just a few days ago, Coinbase introduced a new tool to recover more than 4,000 ERC-20 Coinbase wallet unsupported tokens for 5% fees.
To recover the lost Coinbase unsupported ERC-20 tokens, users will be required to submit the ERC-20 token smart contract & transaction hash Id where the fund was lost on the Coinbase wallet.
On 9 Dec, Coinbase started a new offer for users to swap USDT stablecoin into USDC stablecoin. The exchange said that USDC is safe than USDT in terms of reserves funds.