Coinbase announced on Wednesday that residents of New York can now stake cryptocurrencies including Ethereum (ETH) and Solana (SOL) directly on its platform, following regulatory approval from state authorities.

The move restores access to staking services for millions of New Yorkers, marking a significant change in one of the country’s most tightly regulated crypto markets.

Coinbase framed the approval as a milestone for financial inclusion, crediting Governor Kathy Hochul’s administration for providing clarity on staking programs. New York’s Department of Financial Services (NYDFS) has historically taken a strict approach to digital-asset activities under the BitLicense…

Read more on Blockworks