@BitcoinBaby
more from that month
Coinbase is trying to make a lot of money out of this ETH merge! Coinbase said Thursday that it will go live with nano ether (ETH) futures on its derivatives exchange on August 29. And in Addition, Coinbase says it is launching Wrapped Staked Ethereum (cbETH) so customers can have the ability to use their Staked Ethereum (ETH2) on the platform as The Merge will lock all ETH2 in place until the update is complete. “Coinbase is allowing customers who stake ETH to receive an ERC20 utility token called Coinbase Wrapped Staked ETH (cbETH), which is a liquid representation of their staked-ETH. All staked-ETH is locked until a future Ethereum protocol upgrade is complete. In the meantime, Coinbase has created cbETH to give customers the option to sell, transfer, spend, or otherwise use their staked-ETH while it remains locked.” #crypto #eth
3 comments
Sounds like another gimmic to lock your stake until it becomes a fraction of what it would originally be worth if the merge goes ahead successfully, which is something I am beginning to doubt, but I guess even exchanges like coinbase have to make profits somewhere right! Lmao
My thoughts exactly, but profit is profit and it is made of bigger fools
Ha ha for sure