Back to news
Regulation
New Jersey Rescinds Order That Blocked Coinbase Staking Services
(1 day ago) · 1 source · Summarized by CryptoBipto
New Jersey has rescinded a previous order against Coinbase that had restricted the exchange's staking services in the state. The decision clears the way for Coinbase to potentially resume offering staking products to New Jersey residents.
WHY IT MATTERS
Staking is a process where crypto holders lock up their tokens to help secure a blockchain network and earn rewards in return — similar to earning interest in a savings account.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- thedefiant.io
RELATED
StakingState RegulationCoinbaseSecurities Law
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What is cryptocurrency, and how does it work?A simple explanation of cryptocurrency, blockchains, coins, tokens, mining and staking, with a definition page for every term used.
- How do you buy cryptocurrency safely?How crypto exchanges, verification, on-ramps and order types work, so you understand each step of a first purchase before you make one.