US broker Coinbase announced on Thursday (2) that UK users will be able to stack Ethereum 2.0 on its platform. From the info Prohibition.
Stacking is the act of dropping cryptocurrencies on the Certificate of Participation (POS) blockchain and verifying transactions and receiving rewards instead.
For U.S. exchange, the reward will be 5% per annum. Any amount can be placed on the platform. However, customers must first convert their shares to ETH2.
The service release date has not been set yet, but the waiting list for the transfer was released yesterday.
“We have seen a huge increase in the number of customers who have purchased ether over the past few months, so we are pleased to offer them rewards for saving this property,” Marcus Hughes, Black, said.
In addition to Ethereum, North American brokerage houses shares in Tezos (XTZ) and Cosmos (ATOM).
Only Coinbase will be able to offer the new service due to the Ethereum update to Ethereum 2.0, which is scheduled to take place next year.
In practice, the transition will change from a work certificate (PoW) to a participation certificate (PoS) method.
With this, the miners will be replaced by validators, who will now borrow ether to create new blocks and secure transactions on the blockchain.
As of Tuesday (3) morning, 7.38 million ETH, equivalent to US $ 29 billion, had been blocked at Ethereum 2.0. Etherscom.
According to a study released by JPMorgan in July, investors’ earnings from Ethereum 2.0 are expected to reach $ 20 billion in the coming months.