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3h ago

Coinbase Wins New York Approval to Offer Crypto Staking

The decision signals a broader regulatory shift away from treating staking services as securities.

Coinbase opens crypto staking to new york residents
New yorkers gain access to crypto staking as coinbase secures state approval
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Overview

  • Staking is now live for New York residents on Coinbase, expanding availability to 46 states after a state regulatory sign-off on October 8.
  • Eligible tokens include Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygon, and Polkadot, with Coinbase listing estimated yields up to roughly 16% APY on Cosmos and about 1.9% on Ethereum.
  • Coinbase cites a changing legal landscape, noting the SEC dropped a staking-related suit in February 2025 and that Vermont, Illinois, Kentucky, Alabama, and South Carolina have dismissed state cases.
  • Access remains restricted in several jurisdictions, with Coinbase saying staking is still limited or unavailable in California, New Jersey, Maryland, Wisconsin, and Oregon.
  • Coinbase credited Governor Kathy Hochul’s leadership for the New York outcome and pointed to its own estimate that restrictions have cost residents in several states more than $130 million in missed staking rewards.