Financial institutions want to stake Ethereum, but don't want their assets locked up. During an earnings call, Coinbase's CFO shares what's holding back their new institutional staking service from taking off.
Institutional staking of crypto assets, including the post-Merge Ethereum, could become a “phenomenon” in the future, but not while their assets still need to be “locked up.”call on Aug. 9, Chief Financial Officer Alesia Haas noted that she didn’t expect their new exclusive institutional staking service, rolled out in Q2, to be a “near-term phenomenon” until a “truly liquid staking option” is available.
However, Haas said it was still “early days” for their new staking service, adding they’ll likely only see a “real material impact” when they have created a liquid staking option for post-Merge Ethereum, also known as ETH2.
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