Coinbase & Figment dey expand staking to SOL, AVAX, APT & SUI
Coinbase Prime don partner wit Figment to extend de institutional staking beyond Ethereum. Dis integration dey boost institutional staking by adding support for six major PoS assets—SOL, AVAX, APT, SUI, ADA and NEAR—wey go allow clients to stake directly through Coinbase Custody without moving their coins off the platform. Since 2023, dis institutional staking solution don handle more than $2 billion in locked assets and e also dey complement Figment talk dey manage $18 billion across over 40 networks. Di launch follow US SEC guidance wey make am clear say liquid staking no be securities trading and di launch of ETH and SOL staking ETFs. By combining Figment security-first staking infrastructure wit Coinbase Prime custody, trading and financing controls, institutions fit get quick access to yield, wey go strengthen network decentralization and liquidity.
Bullish
Di expand institution dem staking offer na good for di PoS token dem we dem mention. For short term, di onboarding through Coinbase Prime and Figment fit bring fresh capital as institution dem dey find yield, wey go put pressure for di token price dem go increase. For long term, better custody infrastructure and clear regulation about liquid staking ETFs fit make di liquidity deep, lock supply by staking, and strong di network security—factors wey support steady price growth. History show say when institution dem get wider access and ETF structure dey, e dey increase demand and market confidence.