29
Aug
2020

Bison Trails and Coinbase Custody for Solana’s staking

Bison Trails announced a strengthened integration with Coinbase Custody to offer a staging service for Solana’s token.

SOL is the token that can be entrusted to Bison Trails validators through Coinbase Custody.

The addition of Solana follows that of Polkadot, which was added in April 2020.

This feature will give more security to Solana users. In fact, Coinbase Custody is the custody solution that the famous exchange has designed especially for institutional investors.

With its cold storage solution, combined with the security of the Bison Trails platform, Solana’s users can put their SOL tokens in stake while waiting for the asset to rise in price and earn money from their investment.

In short, it is a solution that is easy and secure. Customers only need to select the Bison Trails validator through the Coinbase Custody interface. This will allow you to secure both Solana (but also Polkadot) in a few clicks.

For the CEO of Bison Trails, Joe Lallouz:

„By extending this integration, Bison Trails now allows any Coinbase Custody client to securely target their SOLs and DOTs on Bison Trails‘ highly available validators. This is a seamless integration and a phenomenal user experience. We look forward to working with the Coinbase Custody team to continue adding support for other protocols in the near future.

Sam McIngvale, CEO of Coinbase Custody, added:

„We are excited to offer our customers an easy way to participate in the new networks they care most about. With our integration of Bison Trails, it has never been easier to earn rewards from staking on Coinbase Custody.

Bison Trails and Coinbase Custody

The integration of Solana is just one more step in the partnership between Bison Trails and Coinbase Custody. In addition to Solana and Polkadot, Celo is also a token that can be staked through the dual solution offered by the two platforms.

Bison Trails allows Coinbase Custody clients to delegate their tokens to validators hosted on the Bison Trails platform.

The validators are remunerated through fees that are a percentage of the earnings of the staked tokens.

Solana
Solana is a blockchain that aims to build a solution that is scalable and decentralized. It boasts collaborations with companies such as Intel, Google, Microsoft and Dropbox.

His token, SOL, is currently at position 98 of Coinmarketcap. August was a golden month for SOL, which reached its all-time high of $4.16 on August 14.

If we consider that in May SOL was worth only 50 cents, it is evident that Solana was the protagonist of a rally that brought her to increase the value of her token.

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