Coinbase Launches Staking in New York, Could Allow Residents to Earn Ether (ETH) Rewards

• Coinbase staking in New York allows ETH and SOL staking for eligible residents.

• State regulators approved Coinbase’s staking service in New York following clarified compliance steps.

• Coinbase estimates residents in four states missed > $130 million in rewards due to prior bans.

Coinbase staking New York: New Yorkers can now stake ETH and SOL on Coinbase — start earning rewards today. Learn how to stake safely.

What is Coinbase staking in New York?

Coinbase staking in New York is a regulated offering that enables eligible New York residents to delegate or lock supported assets on Coinbase to earn on-chain rewards. The service launches after state regulatory approval and covers assets including Ether (ETH) and Solana (SOL).

How can New York residents stake ETH and SOL on Coinbase?

New York users with verified Coinbase accounts can opt into staking via the Coinbase app or web interface. Staking mechanics depend on each protocol: some assets require delegation to validators (e.g., SOL), while ETH staking follows network consensus rules; Coinbase handles validator operations and reward distribution.

Coinbase announced the rollout in a company blog post, crediting New York Governor Kathy Hochul for regulatory clarity that enabled approval. The company said it plans to expand staking to more U.S. jurisdictions as approvals permit.

Source: Coinbase vice president of legal, Ryan VanGrack

Why did regulators approve Coinbase staking in New York?

Regulators approved Coinbase staking in New York after assessing compliance with state financial and consumer-protection rules. Approval reflects clarified regulatory expectations and Coinbase’s operational controls, including custody, risk management, and reporting procedures.

What legal developments influenced this decision?

Several U.S. states filed lawsuits in 2023 alleging staking services could be securities. In 2024–2025, authorities in South Carolina, Alabama, Kentucky, Vermont and Illinois dropped those cases, and multiple states dismissed or declined similar claims. Those outcomes helped reduce legal uncertainty for staking services.

Frequently Asked Questions

Can any New York resident stake on Coinbase?

Only eligible Coinbase account holders who pass identity verification and meet state-specific requirements can stake. Institutional and retail participation rules vary by asset and regulatory status.

How are staking rewards paid out?

Staking rewards are distributed according to each blockchain’s reward schedule. Coinbase calculates and credits rewards after network validation events and any applicable protocol or platform fees.

Is staking insured or guaranteed?

Staking rewards are not guaranteed because they depend on network performance and protocol rules. Coinbase provides operational infrastructure; users retain risk related to network slashing, downtime, or protocol changes.

How to stake on Coinbase in New York (step-by-step)

1. Open or verify your Coinbase account and complete KYC verification.
2. Check asset eligibility (e.g., ETH, SOL) in the Coinbase staking section.
3. Opt into staking for the supported asset and review terms and fees.
4. Confirm the stake amount and complete the on-screen confirmation.
5. Monitor rewards and unstaking rules in your account dashboard.

Key Takeaways

• Regulatory milestone: New York approval clears a major U.S. jurisdiction for Coinbase staking.
• User access: Eligible New York residents can stake ETH, SOL and other supported assets on Coinbase.
• Market impact: Coinbase estimates over $130 million in missed rewards across several states due to prior bans; expansion may restore access to those rewards.

Conclusion

This regulatory approval positions Coinbase staking in New York as an accessible path for residents to participate in proof-of-stake networks and earn rewards. Coinbase will continue expanding staking services as approvals allow. Readers should verify account eligibility and review staking terms before participating.

Coinbase has launched crypto staking in New York, allowing residents to earn rewards on assets such as ETH and SOL following state regulatory approval.

Cryptocurrency exchange Coinbase said New York residents are now able to stake their assets following approval from state regulators.

In a Wednesday blog post, Coinbase said its users could begin earning rewards from staking in Ether (ETH), Solana (SOL), and other assets. The company credited New York Governor Kathy Hochul for “embracing progress and providing clarity” leading to the approval, with plans to continue expanding staking services across the US.

“This is a big win for New Yorkers, and a step toward ensuring every American has equal access to the future of finance,” said Coinbase. “But our work is not done. We estimate that residents in California, New Jersey, Maryland, and Wisconsin have collectively missed out on more than $130 million in staking rewards due to state-wide bans.”

The move into New York followed several US state regulators dismissing lawsuits against Coinbase over allegations the exchange’s staking services violated securities laws. About 10 states filed similar lawsuits in 2023, but authorities in South Carolina, Alabama, Kentucky, Vermont and Illinois dropped the cases this year.