Coinbase Prime Adds Ethereum Staking for US Institutional Clients

The product offers another entry point for financial institutions eager to delve into crypto but unsure of how best to do it.

AccessTimeIconAug 1, 2022 at 7:57 p.m. UTC
Updated May 11, 2023 at 5:34 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Coinbase Prime has added Ethereum to its expanding list of staking options for U.S. domestic institutional clients, Coinbase said in a blog post Monday.

The product offers yet another crypto on-ramp for institutions, which have eyed the industry's explosive growth with interest but haven't always known quite exactly how to get in. Generating yield through staking plays to big firms that frequently are in search of attractive places to park money.

Coinbase Prime also offers staking for tokens including Solana, Polkadot, Cosmos, Tezos and Celo, according to the blog post.

Clients can create a wallet, decide how much to stake and initiate staking from the ETH asset page on their Coinbase Prime account, wrote Aaron Schnarch, vice president of product, custody at Coinbase.

Withdrawal keys are held in Coinbase’s cold storage custody vault, and staking transactions must first complete consensus before they are executed.


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 an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Nelson Wang

Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

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.