Coinbase announced Cardano staking: cryptocurrency reacted 15% up

24.03.2022 17:51
by Artem Ustinov
1 min read

Coinbase announced that Cardano (ADA) users can participate in staking with new options.

Coinbase offered an “easy and safe” way to generate passive income with an annual rate of around 3.75%. Rewards will be accrued every 5-7 days, users will be able to withdraw their assets from the service at any time.

Investors reacted positively to the news about staking. As a result, the ADA/USD rate soared by 16%.

The price of ADA/USD after the announcement of Cardano staking on the American bitcoin exchange Coinbase

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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