Coinbase, Figment broaden institutional staking beyond Ethereum

Institutional staking provider Figment has broadened its integration with Coinbase, allowing Coinbase Prime clients to stake a wider array of proof-of-stake (PoS) assets directly from Coinbase Custody, extending beyond just Ethereum. This expanded integration enables Coinbase Prime customers to access staking infrastructure for networks like Solana (SOL), Sui (SUI), Aptos (APT), and Avalanche (AVAX). The partnership, which began in 2023, has already processed over $2 billion in staked assets through Coinbase Prime. This development occurs amidst increased institutional interest in staking, highlighted by the recent launch of staking-focused ETFs in the US, such as the Bitwise Solana Staking ETF, and follows a US SEC determination that certain liquid staking activities do not fall under the agency's jurisdiction.

(Source：Cointelegraph)