A recent announcement by the popular crypto exchange Coinbase has confirmed that the US based Crypto trading platform is set to surprise its long time Ethereum holders by airdropping OmiseGo coins into their wallets.
Coinbase is giving OMG to Ethereum user who have been holding ETH in their Coinbase wallet since July 2017 as a form of remuneration for 2017 airdrop Omisego did. This is to is now celebrate Omisego’s launch on Coinbase cryptocurrency exchange on the 21st of May.
When OmiseGo kickstarted its OMG airdrop in 2017, the cryptocurrency, which was then based on Ethereum, was yet to be listed on the exchanges. Hence, Ethereum users on Coinbase cryptocurrency were not granted the benefit of the airdrop.
Coinbase is now recompensing Ethereum holder who have ETH in their Coinbase account at the time of the airdrop.
Thanks to the Chief Marketing Officer at mycrypto.com, Jordan Spence, who unearthed the news.
Coinbase, as revealed by Space, said no action is required on the part of users in receiving the airdrop as it is able to identify eligible users.
Customers Earn Over $2 Million via Tezos Staking on Coinbase
In another development, the crypto trading platform mentioned that it has given users more than $2 million in Tezos staking rewards after it launched staking rewards for customers in the United States.
Coinbase said it stakes XTZ on behalf of customers, and give them back their rewards by distributing directly into their account. Customers earned the huge sum within the space of eight days as the staking of Tezos went live on 20 of May.
Coinbase announced the amount made by customers while declaring that it is expanding its Tezos staking service to four new European countries like the , U.K., Neitherland, France, and Spain.
At present, the exchange offers 5% annual staking rewards to customers. To receive this reward, users would have to stake their Tezos (XTZ) token and leave for a minimum of 35 days, after which they will begin to receive 5% reward on staking every three days.
Urging users to stake their XTZ on the platform, Coinbase noted that it is currently the largest among Tezos validators around the world.