Crypto exchange Coinbase to offer ADA staking services
Coinbase, one of the world’s largest cryptocurrency exchanges, has expanded its staking offerings to include Cardano’s native token ADA. Announcing the news on Thursday, the exchange revealed plans to add more tokens to its staking portfolio in 2022. Per the blog post, delegators can expect to earn up to 3.75% APY as the estimated annual return from staking ADA on Coinbase. Users will receive awards in their accounts every 5–7 days after the initial holding period of 20–25 days ends.
The company noted that ADA allows staking through a dedicated wallet, the process can be “confusing and complicated.” Using Coinbase service would allow users to participate and earn rewards in an “easy, secure way.” With the latest addition, Coinbase now offers staking services for Ethereum (ETH), ALGO, Cosmos (ATOM), Tezos (XTZ), and Cardano (ADA).
Launched by Ethereum co-founder Charles Hoskinson in 2017, Cardano is a layer 1 blockchain working on a proof-of-stake consensus mechanism. Proof-of-stake is a more environmentally-friendly mechanism wherein validators ‘stake’ a portion of their ADA and receives rewards in return. Cardano has jumped nearly 10%, going from $1.00 to $1.17 at the time of writing. The currency is down by 62.30% from its all-time high of $3.10 recorded in September.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 94% | 2 | $26 878.74 | -0.06% | 0.88% | $524 115 341 857 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 90.4% | 3 | $1 671.56 | 1.55% | 4.70% | $200 981 415 918 |  |
|
| 3 |  USDT |
Tether predictions | 92% | 1 | $0.999942 | 0.04% | -0.01% | $83 271 757 523 |  |
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| 4 |  BNB |
Binance Coin predictions | 92% | 2 | $216.02 | 0.43% | 2.55% | $33 234 560 856 |  |
|
| 5 |  XRP |
XRP predictions | 88.8% | 9 | $0.529366 | 4.97% | 3.57% | $28 221 734 009 |  |
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| 6 |  USDC |
USD Coin predictions | 94% | 1 | $1.000026 | -0.02% | -0.01% | $25 488 179 014 |  |
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| 7 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 82% | 26 | $0.088789 | 5.11% | 5.35% | $9 027 701 786 |  |
|
| 9 |  ADA |
Cardano predictions | 89.6% | 5 | $0.255027 | 2.51% | 4.06% | $8 958 709 879 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 94% | 4 | $0.062067 | 1.24% | 0.84% | $8 764 270 914 |  |
|
| 11 |  SOL |
Solana predictions | 85.2% | 18 | $20.37 | 4.65% | 4.23% | $8 410 824 362 |  |
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| 12 |  TRX |
TRON predictions | 86% | 22 | $0.088887 | 3.49% | 5.66% | $7 917 826 061 |  |
|
| 13 |  TON |
Toncoin predictions | 59.6% | 84 | $2.22 | -0.14% | -3.71% | $7 613 183 459 |  |
|
| 14 |  DAI |
Dai predictions | 93.6% | 1 | $0.999575 | -0.12% | -0.01% | $5 345 614 144 |  |
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| 15 |  DOT |
Polkadot predictions | 92% | 7 | $4.10 | 0.57% | 2.16% | $5 053 586 954 |  |
