The California-based crypto exchange announced in a blog post that it has extended its staking services to the UK, the Netherlands, Spain, and France. It revealed that since Tezos (XTZ) staking launched in the US in 2019, customers have been rewarded over $2 million.
Based on a 90-day trend, Coinbase estimates that XTZ stakes will have a 5% annual return. Stakeholders earn a reward by holding onto their assets. This is particularly challenging, especially when the asset appreciates in value. Coinbase rewards each stakeholder every 3 days after an initial holding period (35-40 days).
Last year, XTZ jumped 70% after Coinbase launched staking in the US. This EU launch grew the coin by only 6%.