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 | 88% | 10 | $26 910.25 | -0.86% | 2.17% | $521 785 672 856 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 91.2% | 5 | $1 862.87 | -0.41% | 3.54% | $224 002 329 553 |  |
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| 3 |  USDT |
Tether predictions | 95.2% | 1 | $1.000212 | 0% | 0.03% | $83 239 984 278 |  |
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| 4 |  BNB |
Binance Coin predictions | 92.4% | 1 | $304.68 | -0.76% | -0.14% | $47 486 406 280 |  |
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| 5 |  USDC |
USD Coin predictions | 92% | 1 | $1.000091 | 0.01% | 0.01% | $28 855 697 680 |  |
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| 6 |  XRP |
XRP predictions | 80.4% | 37 | $0.505161 | -1.36% | 12.19% | $26 259 970 576 |  |
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| 7 |  ADA |
Cardano predictions | 87.6% | 10 | $0.364194 | -2.76% | 1.76% | $12 704 414 435 |  |
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| 8 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 9 |  DOGE |
Dogecoin predictions | 86.4% | 17 | $0.071624 | 0.42% | 1.60% | $9 997 679 126 |  |
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| 10 |  MATIC |
Polygon predictions | 82% | 35 | $0.892390 | 0.53% | 0.66% | $8 280 905 680 |  |
|
| 11 |  SOL |
Solana predictions | 84.4% | 29 | $20.69 | 0.24% | 6.90% | $8 206 745 380 |  |
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| 12 |  WTRX |
Wrapped TRON predictions | 77.6% | 37 | $0.074737 | -0.93% | -3.66% | $7 598 955 691 |  |
|
| 13 |  LTC |
Litecoin predictions | 76.8% | 37 | $92.49 | 3.71% | 9.07% | $6 756 355 058 |  |
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| 14 |  TRX |
TRON predictions | 78.4% | 35 | $0.074742 | -0.87% | -3.56% | $6 743 274 710 |  |
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| 15 |  DOT |
Polkadot predictions | 91.6% | 10 | $5.23 | -1.84% | -0.73% | $6 251 388 649 |  |
