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Coinbase Announcement Causes Tezos (XTZ) Price to Soar

Coinbase announced in a blog post from earlier today that the exchange would be adding a feature that allows users to help run the Tezos network by staking their XTZ tokens in exchange for regular rewards—similar to dividends or interest payouts.

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And as expected, the news instantly sent XTZ’s price surging, which may partially stem from the fact that the addition of network participants via Coinbase’s new pool staking feature may enhance the network activity and decentralization of the popular Proof of Stake (PoS) protocol.

Following this announcement, Coinbase also launched an Earn campaign for Tezos, which allows users to receive up to $6 worth of XTZ for completing some educational courses and quizzes about the PoS protocol

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin37,134 1.01 % 5.44 % 9.02 %
Ethereum1,186.5 0.73 % 3.91 % 3.04 %
Tether0.9999 0.06 % 0.19 % 0.26 %
Polkadot14.80 0.32 % 2.85 % 58.89 %
XRP0.2823 0.76 % 5.37 % 12.21 %
Cardano0.3082 0.49 % 3.97 % 0.08 %
Litecoin144.24 1.13 % 5.43 % 16.69 %
Bitcoin Cash491.67 0.15 % 5.28 % 12.24 %
Chainlink21.70 0.32 % 20.27 % 41.95 %
Stellar0.2875 1.07 % 5.30 % 5.17 %