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Coinbase Staking Is Self-Custodial, Claims CEO: But What About USDC ‘Staking’?


  • Coinbase (NASDAQ:COIN) CEO has no concerns over stablecoins and is bullish on USDC.
  • Coinbase wants to work with regulators to protect customers, Armstrong said.
  • Coinbase’s staking product differs from Kraken’s, as users retain custody of funds, he said.
  • Coinbase offers 1.5% APY on holding USDC, which does not come from staking.
  • SEC’s “investigative subpoenas†to Coinbase are just requests for information, he said.

Since the FTX collapse, crypto exchanges have been under intense regulatory scrutiny. Recently, stablecoins and staking products came under the crosshairs of the US Securities and Exchange Commission (SEC).

In these circumstances, investors became jittered about the performance of crypto exchanges. One of them is Coinbase, the largest US crypto exchange.

On Thursday, Coinbase co-founder and CEO Brian Armstrong addressed investor concerns in an interview with Bloomberg TV…

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