Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds.
The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain governance directly on the platform, avoiding the need to withdraw their funds from third-party custodians. This, according to the post, will purportedly attract more participants to the MakerDAO Multi-Collateral Dai (MCD) voting, which is expected on Nov. 15.