Coinbase Custody and Bison Trails Expand Integration to Enable Staking of Solana Tokens

According to the announcement by Bison Trails, this will allow users on Coinbase Custody to stake their solana (SOL) tokens using secure offline storage.

AccessTimeIconAug 27, 2020 at 3:31 p.m. UTC
Updated May 9, 2023 at 3:11 a.m. UTC

Coinbase Custody and Bison Trails announced on Wednesday that users would now be able to stake their solana (SOL) tokens on Bison Trails platforms. 

  • In an announcement posted on its website, blockchain infrastructure firm Bison Trails said this would allow SOL token holders to partake in the Solana network through secure, offline storage to stake the tokens. This would allow users to move the SOL token to Bison Trails’ platform.
  • While Solana has yet to determine the reward rate for users who choose to stake their tokens, Bison Trails CEO Joe Lallouz said there would be a “warmup” period for the staked tokens allowing them to become active so token holders can start earning rewards.
  • In April, Coinbase Custody, the digital asset custodial arm of the San Francisco-based cryptocurrency exchange, also announced it would support staking of Polkadot tokens through Bison Trails’ platform.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.