Coinbase Custody and Bison Trails Expand Integration to Enable Staking of Solana Tokens

Coinbase Custody CEO Sam McIngvale (CoinDesk archives)

Coinbase Custody and Bison Trails announced on Wednesday that users would now be able to stake their solana (SOL) tokens on Bison Trails platforms. 

  • In an announcement posted on its website, blockchain infrastructure firm Bison Trails said this would allow SOL token holders to partake in the Solana network through secure, offline storage to stake the tokens. This would allow users to move the SOL token to Bison Trails’ platform.
  • While Solana has yet to determine the reward rate for users who choose to stake their tokens, Bison Trails CEO Joe Lallouz said there would be a “warmup” period for the staked tokens allowing them to become active so token holders can start earning rewards.
  • In April, Coinbase Custody, the digital asset custodial arm of the San Francisco-based cryptocurrency exchange, also announced it would support staking of Polkadot tokens through Bison Trails’ platform.

Read more: Coinbase Custody to Support Polkadot Staking With up to 20% Returns

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Cryptocurrencies Videos


CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology thru its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.

Learn More