Coinbase Custody Launches Cosmos / $ATOM Staking

Cosmos Token ($ ATOM) is now supported by Coinbase Custody, which allows users to securely store their assets offline and participate in staking and operations.

In addition to the existing currencies, Tezos ($ XTZ) and Algorand ($ ALGO), this time support for Cosmos staking allows users to seamlessly and safely stake.

Cosmos is a blockchain that uses a Proof-of-Stake (PoS) system that operates with less power consumption than PoW, and aims to enhance interoperability between blockchains.

For blockchains that use the PoS system, token holders can stake to participate in operational decisions and receive rewards.

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