Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may actually increase.”
In a new customer email, highlighted by popular traders such as @AltcoinPsycho via Twitter on March 10, Coinbase outlined its updated staking terms and conditions starting from March 29.
New email from Coinbase regarding staking:
“Your staked assets will continue earning rewards, no action is required… You earn rewards from the protocol, not Coinbase”
Coinbase basically telling the SEC to take a hike? pic.twitter.com/ckAAaZXsQb
— Psycho (@AltcoinPsycho) March 10, 2023
Under the fresh terms, Coinbase explicitly explains that users earn rewards from the decentralized protocols, and not directly from the exchange itself.
“Coinbase acts only as
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