Chief Financial Officer at Coinbase – Alesia Haas – recently reported to say that institutional investors are likely to take interest in crypto stalin in future. Haas also accepted that Coinbase offering the services of crypto staking for their blue-chip clients is a long term plan.
Haas said Coinbase brought delegated staking service for their institutional clients. This service is quite similar to what the firm offers to their retail customers. She said that earlier institutional clients had access to crypto assets staking through Coinbase Cloud.
She said that this way they were able to use the staking services of the kripto exchange and run their node. However, now with the upgrade, the same service of delegated staking that was limited to retail customers, now will be available for the institutional clients, Haas added.
According to Coinbase CFO, this move of crypto exchange will be getting more prosperity and popularity once the offering of liquid staking to institutional investors for assets that were already polled together. She explained this while giving the example of Ethereum (ETH).
Executive said the offering is in its early days and the exchange has seen many institutional investors holding the top altcoin, Etheruem (ETH) as an option of an asset to stake. However, while mentioning the liquid staking option for the upcoming Ethereum 2.0, she said they have not rolled it out yet.
She also explained that institutions might be comfortable to let their assets hold for indefinitely. She ensured that the kripto exchange is also working towards this issue. Haas outlined that when someone puts ETH 2.0 on stake, his assets are getting locked within Ethereum for a time period until the Merge and for a while later.
The Coinbase executive agrees that institutions might find it unpleasant, the lock up of their liquidity. So, if any institution shows interest in staking, they would have an offer of liquid asset staking.
Source: https://www.thecoinrepublic.com/2022/08/12/crypto-staking-will-be-popular-for-institutional-investors-coinbase-cfo/