Coinbase Prime Starts Supporting Polygon ($MATIC) Staking

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The prime broker platform of Nasdaq-listed cryptocurrency trading platform Coinbase, Coinbase Prime, has started offering Polygon ($MATIC) staking services to its users, allowing them to earn rewards while helping secure the network.

The company has stated that investors can now earn rewards with, "Institutional-grade, fully integrated staking," on it's interface.

Coinbase Prime isn't available to retail investors, and is only available to people and institutions that meet their eligibility criteria.

Coinbase Prime presently allows staking of other assets, such as Polkadot ($DOT), Celo ($CGLD), Solana ($SOL), Tezos ($XTZ), and Ethereum ($ETH). Prime offers an, "Integrated solution that provides the same secure offline storage offered through Coinbase Custody, along with an advanced trading platform and prime service so you can manage your crypto assets in one place.”

Also, Coinbase delisted $XRP after the United States Security and Exchange Commission (SEC) sued Ripple and 2 of its senior workers - claiming that they sold unrecorded securities when they issued $1.3 billion worth of XRP tokens.

At the beginning of this month, Coinbase said that its self-custody crypto wallet Application - Coinbase Wallet, will be stopping support for 4 prominent cryptoassets, plus XRP, starting January 2023 over low usage.