As one of the largest cryptocurrency exchanges in the world, Coinbase has been a major player in driving mainstream adoption of digital assets. And with its recent announcement of support for staking on Ethereum 2.
0, many in the crypto community are wondering if Coinbase will also support staking for other popular cryptocurrencies, like Cardano.
While there is no official word from Coinbase on whether or not they will support staking for Cardano, there are a few factors that suggest it is a possibility. First, Coinbase has been adding support for a wide range of assets in recent months, including altcoins like Polkadot and Compound.
Second, Cardano is one of the largest and most popular cryptocurrencies, so it would make sense for Coinbase to want to offer its customers the ability to stake their ADA.
Of course, there are also some factors working against Coinbase adding Cardano staking support. For one, Ethereum 2.
0 staking is still in its early stages, so Coinbase may want to wait until it is more established before adding support for another cryptocurrency. Additionally, Cardano uses a different proof-of-stake algorithm than Ethereum, so it may be more difficult to integrate into Coinbase’s existing infrastructure.
Only time will tell if Coinbase will eventually add support for staking Cardano. However, given the recent trend of the exchange adding support for a wide range of assets and the popularity of ADA, it seems like a strong possibility that we could see Cardano staking on Coinbase in the future.