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Tezos (XTZ) Price on The Rise with Coinbase Custody Supporting Baking Staking

Published 03/29/2019, 08:45 AM
Updated 03/29/2019, 10:03 AM
© Reuters.   Tezos (XTZ) Price on The Rise with Coinbase Custody Supporting Baking Staking

Coinbase Custody announced the addition of a Tezos (XTZ) baking option, allowing users to both store their assets in an offline wallet, and also register the assets with bakers to receive rewards. Baking is a way to use tokens that are otherwise left idle. Baking involves a delegated entity that produces blocks, as well as locking in tokens for a predetermined period.

The rumors of Coinbase Custody adding a baking mechanism circulated in the past days, boosting the general revival in XTZ prices. The rally extended following the official confirmation of the service.

XTZ traded at $0....

This article appeared first on Cryptovest

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