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San Francisco-based crypto giant Coinbase is reportedly looking to add staking and governance solutions for its crypto custodial services

According to a recent report by The Block, Coinbase has hired Luke Youngblood, formerly a principal solutions architect at AWS, to head up the development of the new staking and governance products.

The report, which cites an internal memo, also states that these products will allow Coinbase Custody clients to interact seamlessly with the crypto-network while maintaining the security of cold storage.

This news comes just Coinbase recently participated in the $4.5 million seed round for Staked, a New York-based startup that helps institutional investors stake or lend their holdings in various proof-of-stake cryptocurrencies.

The top-ranked coins on StakingRewards.com

Staked currently supports 6 cryptocurrencies including Tezos (XTZ), Dash (DASH), Decred (DCR), Livepeer (LPT), Factom (FCT) and EOS (EOS).

Report: Coinbase Hires Amazon Web Services Veteran to Develop Staking Solutions
Interesting: Institutional Crypto Staking Startup ‘Staked’ Raises $4.5 Million

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

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