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Benzinga
Benzinga
Business
Samyuktha Sriram

Coinbase Expects Ethereum Staking Yields To Hit 12% APR After The Merge

Coinbase Coinbase Global Inc

Crypto exchange Coinbase Global Inc (NASDAQ:COIN) projects that the annual interest earned from staking Ethereum (CRYPTO: ETH) could double over the next few months.

What Happened: In a note to clients on Thursday, Coinbase said it expects Ethereum staking yields to increase after Ethereum’s mainnet merges with the Beacon Chain in June, seeing as the rewards will incorporate net transaction fees paid to miners.

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