The 21st largest cryptocurrency by market capitalization Tezos [XTZ] is battling among many coins to overcome the major $1.000 for the past few days as it is riding together with the leading crypto BITCOIN BTC the wave of gain that hit the digital coin verse speedy.
With a gain of 4.87% in the last 24-hours it is ranked highest out of many very famous virtual currencies as it reached a transaction-vol of $5.89 million USD.
While things looked pretty well until now, the pair XTZ/USD broke below the daily trading trend and it is finding a hard time to set ground above $1.000. A pull-back is more certain for now compared to an above-clear and a next run by the crypto-pioneer could initiate the needed momentum for XTZ to follow and make it.
Coinbase is committed to becoming the best option to attract institutional investors to the world of cryptocurrencies, presenting a broad spectrum of possibilities ranging from trading to offering rewards to those willing to learn about these technologies. In a post published in the official blog of the famous american crypto exchange, the team explains that they are starting a program to support staking of cryptocurrencies.
The first token to be accepted by this program is Tezos (XTZ). A PoS cryptocurrency that allows users to earn passive income by hodling their funds without spending them.
“The launch of Tezos staking through Coinbase Custody serves an acute need that existed up until now: a way for institutional participants who rely on a secure, offline custodian to take an active role in the network, achieving our mission of creating a ‘digital commonwealth’ means facilitating participation for all, and that includes the institutional customers that Coinbase Custody brings to the space. –
Kathleen Breitman, co-founder of Tezos