Is Coinbase Moving the Goalposts on Your Staked Ethereum?

Investors in Ethereum (CRYPTO: ETH) might have a bone to pick with Coinbase Global (NASDAQ: COIN), the world's most popular trading exchange for cryptocurrencies. Coinbase does a lot of things right, but one thing that it's not known for is being a place to generate passive income on active investments. It offers staking, inflation, or interest awards on just six of the dozens of digital currencies available for trading on its platform.

Earlier this year, Coinbase began offering Ethereum investors the ability to generate staking rewards on the world's second-most-valuable crypto, but there was a pretty big catch. Unlike other exchanges and decentralized financial platforms that let Ethereum owners generate income on their crypto and easily withdraw from the program, Coinbase investors opting into its staking rewards would be unable to trade that position until Ethereum's transformation to a proof-of-stake model was complete. They were converting their crypto to Ethereum 2.0, the inevitable landing place for the token once the mother of all makeovers was complete. Coinbase did promote the eventual rollout of a liquidity event ahead of the Ethereum migration, but that milestone just got moved further away.

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Source Fool.com