Customers have been reminded by Coinbase that its staking services would remain available and “may actually increase.” Coinbase expressly emphasizes in a new client communication that consumers receive rewards through decentralized protocols rather than the exchange itself. This distinction between protocol rewards and providing services appears to be an attempt to avoid any potential gray area problems that rival exchange Kraken recently encountered. For allegedly failing to register its staking-as-a-service operation with the SEC, Kraken agreed to pay a $30 million settlement.
Coinbase reiterates that staking services will continue, despite SEC crackdown
