Coinbase Custody Launches Staking Program on Tezos

Coinbase Custody’s 60 institutional clients, who currently store around $600 million on the platform, will be able to stake or “bake” Tezos (XTZ) from today forward. Staking or baking dividends are akin to interest in the regular world. By holding tokens and putting them up for stake, new blocks get minted. The larger your coin stash, the better your odds of finding a block. Earning Interest by Minting Blocks Proof-of-stake is one of two primary models for cryptocurrencies, the