The U.S.-based popular cryptocurrency exchange Coinbase has announced Tezos (STZ) baking for Coinbase Custody clients.
The exchange also plans to add governance support for the Maker (MKR) protocol.
The Co-Founder of Tezos, Kathleen Breitman, says the launch of Tezos taking through Coinbase Custody serves an acute need that existed up until now.
"Achieving our mission of creating a ‘digital commonwealth’ means facilitating participation for all, and that includes the institutional customers that Coinbase Custody brings to the space," he added.
It’s believed that with Tezos baking by Coinbase, the crypto industry should become more attractive for institutional investors.
Earlier, Coinbase announced support for stellar (XLM) cryptocurrency at Coinbase.com and in the Coinbase Android & iOS apps.
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