Big day for Cardano's $ADA after coinbase adds the token to its staking portfolio. mikeybellusci reports.
Cardano’s ADA rose to its highest level since about mid-February after crypto exchange Coinbase expanded its staking offerings to that cryptocurrency.
“With today’s launch, Coinbase is offering an easy, secure way for any retail user to actively participate in the Cardano network and earn rewards,”The exchange giant estimated about a 3.75% annual percentage yield on staked Cardano. After an initial holding period of 20-25 day, customers will receive awards to their account every 5-7 days.
Cardano is higher by 9% to $1.17 on Wednesday afternoon. Crypto markets are broadly higher as well, including an 8% gain for solana, and 4.5% advances for bitcoin and ether.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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