New York stake of mind 🗽

After years of battling objections from state regulators, Coinbase has gotten the green light to allow users in New York to stake their crypto.

Author

Stacy Jones
October 08, 2025

📝 What you need to know

It’s taken years for Coinbase to get approval from state regulators to offer staking services to users in New York.

Empire state users can now stake Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygona, and Polkadot through Coinbase, the company said. The most high-paying of those programs offers an estimated APY of over 16% on staked Cosmos. The company’s Ethereum staking program, by far its most popular, earns an estimated annual yield of 1.9%.

“Thanks to Governor Hochul’s leadership in embracing progress and providing clarity, this milestone marks a meaningful step forward in ensuring residents of the Empire State have access to the same economic opportunities already open to most other Americans,” Coinbase said today in a statement.

But there are still some holdouts. Staking is not yet available in California, New Jersey, Maryland, or Wisconsin.

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