
New York residents can now stake Ethereum and other cryptocurrencies through Coinbase.
Coinbase has received regulatory approval to offer its staking program to New York residents, representing its initial access under the state’s BitLicense regulations. This clearance allows eligible users within New York to participate in staking for supported assets. The program adheres to Coinbase's jurisdiction-based eligibility rules, limiting availability in certain regions. Eligible New York users can stake directly from their Coinbase balances, with unstaking possible after network-specific waiting periods. Currently supported assets for staking include Ethereum and Solana, among others. User assets remain in their ownership throughout the entire staking cycle.