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Coinbase Earnings Shows Uneven Growth in Ethereum, Solana and Cardano Staking

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Coinbase has a ways to go before it becomes the “#1 staking provider.” The last time Coinbase reported quarterly earnings, in August, the company told shareholders it had prioritized development of its staking products and has a long-term goal of becoming the top provider. When a user stakes their crypto assets, they’re being loaned out to validators on blockchain networks. Validators use the funds to secure the network and process transactions. In return, users receive a portion of the validator’s rewards. It’s become an increasingly popular product for Coinbase, which saw transact ...

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