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Balance Integrates Coinbase as a Staking Provider
Balance | Sep 16, 2024
Balance Partners with Coinbase to Offer Seamless ETH Staking
Canada's largest digital asset custodian, Balance, has announced Coinbase's integration into its Balance Yield product. This partnership expands Balance's range of services for digital assets with a high return. Going forward institutional clients can stake Ethereum (ETH) directly from their wallets without having to worry about losing ownership or incurring unnecessary counterparty risk.
- The Coinbase Developer Platform (CDP) was used for the integration with just a few of lines of code, demonstrating the platform's effectiveness.
- The validators at Coinbase are renowned for their 99% uptime and perfect track record of preventing slashing and duplicate signing.
- Balance has considerably increased the scope of its institutional staking services and currently maintains digital assets valued at over $2.5 billion.
See: Balance Invests $10M to Launch Trust Company in Canada
Vladimir Li, CTO at Balance:
"CDP’s plug-and-play solution made it beyond easy for us to integrate Coinbase as a staking provider on our custody platform."
Closing Outlook
As staking grows in the digital asset ecosystem, this integration will highlight Balance's leadership in providing scalable and safe staking solutions to its customers!
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