• Coinbase’s introduction of cbETH seeks to improve management of Ethereum assets.
• Wrapping staked ETH into cbETH uses zero fees.
• Investors can buy, sell, or hold their cbETH tokens.

Coinbase launched Wrapped Staked ETH (cbETH), which aims to improve the management of Ethereum (ETH) assets and grant users unprecedented control over their holdings. cbETH’s use case means investors can buy, sell, or hold the token.

Per Coinbase Help, users can wrap their staked ETH into cbETH without fees, offering a cost-efficient solution for asset management. However, standard fees apply to transactions or sales involving cbETH.

According to its whitepaper, the conversion rate between ETH and cbETH determines the number of cbETH units obtained during the wrapping process. This rate isn’t fixed; it is driven by rewards earned on the amount of staked ETH and the ratio of staked ETH units to the total cbETH supply.

Regarding pricing, cbETH closely tracks the value of the staked ETH alongside any accrued rewards. Nonetheless, disparities may arise between cbETH and staked ETH prices due to market dynamics across various crypto exchanges. As a result, the market may assig…

The post Coinbase’s cbETH: Introducing Wrapped Staked ETH Token appeared first on Coin Edition.

• Coinbase’s introduction of cbETH seeks to improve management of Ethereum assets.
• Wrapping staked ETH into cbETH uses zero fees.
• Investors can buy, sell, or hold their cbETH tokens.

Coinbase launched Wrapped Staked ETH (cbETH), which aims to improve the management of Ethereum (ETH) assets and grant users unprecedented control over their holdings. cbETH’s use case means investors can buy, sell, or hold the token.

Per Coinbase Help, users can wrap their staked ETH into cbETH without fees, offering a cost-efficient solution for asset management. However, standard fees apply to transactions or sales involving cbETH.

According to its whitepaper, the conversion rate between ETH and cbETH determines the number of cbETH units obtained during the wrapping process. This rate isn’t fixed; it is driven by rewards earned on the amount of staked ETH and the ratio of staked ETH units to the total cbETH supply.

Regarding pricing, cbETH closely tracks the value of the staked ETH alongside any accrued rewards. Nonetheless, disparities may arise between cbETH and staked ETH prices due to market dynamics across various crypto exchanges. As a result, the market may assig…

The post Coinbase’s cbETH: Introducing Wrapped Staked ETH Token appeared first on Coin Edition.