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News Explorer — Coinbase to End Algorand Staking Rewards for Users

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Mar 22, 6:18 pm

Coindesk

Coinbase to End Algorand Staking Rewards for Users

Coinbase has announced that it will no longer offer Algorand (ALGO) token staking rewards as of March 29, although the token will still be available to trade. All rewards from the Algorand governance period ending March 31 will be paid in early April. Coinbase said that it is reevaluating its offerings to ensure the best customer experience, although the move comes amid increased regulatory scrutiny towards crypto in the United States.

Coinbase has announced that it will no longer offer Algorand (ALGO) token staking rewards as of March 29, although the token will still be available to trade. All rewards from the Algorand governance period ending March 31 will be paid in early April. Coinbase said that it is reevaluating its offerings to ensure the best customer experience, although the move comes amid increased regulatory scrutiny towards crypto in the United States.

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