Coinbase Announces Support for Ethereum Coins 2.0

American cryptocurrency exchange Coinbase reported, which will launch Ethereum coin trading 2.0, the launch of the zero phase of which is scheduled for 1 December.

Coinbase management intends to fully support staking and trading with ETH2 coins. Exchange clients will be able to Convert ETH in ETH2, Using your account, and receive a reward for staining. Despite, that ETH2 will be blocked in the Beacon Chain signal circuit, Exchange will provide the possibility of trading ETH2, ETH and other supported digital assets, Providing customers with liquidity. These functions will become available at the beginning of next year.

The main task of the etherium 2.0 is that, To increase the scalability of blockchain and reduce the cost of commissions for transactions. Earlier, the trading platform independently covered the related costs of users. However, a few months ago, Coinbase Pro reported, that he will stop paying for traders commissions for transactions in the Ethereum network due to the increase in gas value. The management of Coinbase added, that the launch of the update will become an important stage in the history of the development of the Ethereum, which will open new opportunities for the cryptocurrency community.

Recall, that last week at the deposit contract Ethereum 2.0 a sufficient number of coins appeared, necessary for launching steaking. To date, the contract has already been blocked 873 057 ETH. Recall, that a few days ago, the Coinbase exchange announced the disconnection of the marginal trade service due to the requirements of the regulators and the change in tax reporting for American clients.