Coinbase Announces Integration with Bison Trails

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by Teuta Franjkovic · 3 min read
Coinbase Announces Integration with Bison Trails
Photo: Bison Trails

Bison Trails said it is ready to provide a seamless and secure staking integration for Coinbase Custody customers, making it incredibly easy for them to earn staking rewards.

Bison Trails, the premier blockchain infrastructure-as-a-service company announced today an integration with Coinbase Custody. This integration combines Coinbase Custody’s institutional-grade offline storage solution with the Bison Trails infrastructure platform, allowing Coinbase Custody clients to seamlessly stake their DOT to Bison Trails’ validators. At launch, Bison Trails will support the Polkadot protocol with support for more protocols to follow in the near future.

This integration represents a collaboration between the custodian service of Coinbase, the first custodian to offer staking from offline storage of assets, and Bison Trails, the blockchain infrastructure provider. Through this integration, Coinbase Custody clients may delegate DOT tokens to Bison Trails validators, helping secure the Polkadot protocol and earn participatory rewards.

Bison Trails Integration with Coinbase Custody as a Game Changer

Joe Lalloz, CEO of Bison Trails stated:

“For people who custody with Coinbase Custody, and want to stake with secure and highly available Bison Trails validators, this integration is a game-changer. DOT holders now have the unique ability to utilize both our leading blockchain infrastructure and the leading custodian of crypto assets to ensure tokens are secure and that they are earning participatory rewards.”

Sam McIngvale, CEO of Coinbase Custody added:

“Staking is an increasingly important element of the crypto ecosystem. It provides Coinbase Custody clients, many of whom have obligations to their investors, with a crypto-native way to participate in network rewards while also contributing to the security and governance of the ecosystem. Working with partners like Bison Trails allows us to offer our clients an easy way to participate in Proof of Stake networks like Polkadot (DOT) at launch. We look forward to offering more crypto-native features for our clients in the future.”

Secure, Institutional-Grade Offline Storage Solution

Bison Trails said it is ready to provide a seamless and secure staking integration for Coinbase Custody customers, making it incredibly easy for Coinbase Custody clients to participate in securing Polkadot and earn staking rewards. Launched in 2018, Coinbase Custody offers its clients access to the secure, institutional-grade offline storage solution used by Coinbase’s exchange businesses since 2012. Coinbase Custody is regulated by the New York State Department of Financial Services and is an independent entity built on Coinbase’s crypto-first DNA. All customer digital assets are segregated, held in trust for the benefit of our clients, and protected by an industry-leading insurance program. Coinbase Custody currently offers support for more than 37 digital assets.

Bison Co-Working With Solana Protocol and NuCypher Network

Last month Bison Trails has added support for the Solana protocol on its platform. The company then said that said in a press release that it will now support Solana token holders with the Bison Trails platform, allowing any user anywhere to run their own validators or delegate to Bison Trails validator at mainnet launch. In addition to traditional features like archiver clients and storage rent, Bison Trails customers will also be able to run additional infrastructures to support the network and earn participatory rewards.

Also, this month the company announced support for the NuCypher network, as well as its permissionless token distribution system, WorkLock. According to the announcement, the Libra Association member assured users that anyone would be able to run nodes and participate in the NuCypher network on the Bison Trails platform.

Altcoin News, Blockchain News, Cryptocurrency news, News
Teuta Franjkovic
Author: Teuta Franjkovic

Experienced creative professional focusing on financial and political analysis, editing daily newspapers and news sites, economical and political journalism, consulting, PR and Marketing. Teuta’s passion is to create new opportunities and bring people together.

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