RE: Will Coinbase support Ethereum staking? If yes then Ethereum will easily become the most attractive asset to hold

You are viewing a single comment's thread from:

Will Coinbase support Ethereum staking? If yes then Ethereum will easily become the most attractive asset to hold

in crypto-news •  7 years ago 

Where did you hear that the minimum is 1500 ETH? That could end up being any amount in USD so is this set in stone or dynamic? I haven't seen that number anywhere.

I also would not assume people with a lot of ETH have technical expertise. A lot of people can buy 1000+ ETH on Coinbase and not know how to launch a smart contract or deal with the very hard to use Ethereum Wallet. I would say this creates a market for pools and because these pools will for sure exist I do not see why Coinbase would not take advantage or form a partnership with one of these pools.

We will have to wait and see but if they don't then it's a huge loss of potential users who could then go to another exchange which does allow staking.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Follow the link in my initial post. The 1,500 Eth minimum is at many sites, including some that are direct quotes from Buterin, such as this one: https://www.ethnews.com/vitalik-buterins-five-steps-to-becoming-a-casper-validator (hint: read Step 3)

I didn't assume that all folks with Eth have technical expertise. Here's what I said: "Folks with that much Ether probably can figure out how to stake it themselves or find someone besides a centralized, hackable exchange to do it."

In terms of pools: Possibly. But, again, go back to my original post. Coinbase can't be a pool operator because they are a money transmitter and are forbidden from doing that. Someone not legally organized in the USA could. Coinbase can't. Plus, Coinbase wouldn't because they are attempting to become a licensed exchange. It would be like NASDAQ creating its own S&P 500 fund to sponsor. They can't do that.