Cardano has entered a custody agreement with major crypto exchange Coinbase, stating that near the end of the year, holders will be able to store their ADA in Coinbase’s cold storage, as well as stake their funds.
Charles Hoskinson, CEO of Cardano’s developer IOHK, has announced the news today, during the second day of the Cardano Virtual Summit: Shelley Addition.
According to the agreement, ADA holders will gain the option to store their assets in Coinbase Custody’s cold storage, but without losing the ability to delegate their stake, the emailed press release said. The feature will be available sometimes in the fourth quarter of 2020.
The press release also said that Coinbase Custody the first to offer staking while also keeping assets stored in cold wallets.
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