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Coinbase Custody and Bison Trails Enable Secure Staking of Solana (SOL) Tokens

By extending our integration with Coinbase Custody to Solana, SOL token holders can participate in the network by staking with secure offline storage of their assets

Coinbase Custody and Bison Trails Enable Secure Staking of Solana (SOL) Tokens

By Bison Trails · Aug 27 2020

Today we’re excited to announce we extended our integration with Coinbase Custody to enable Coinbase Custody clients to seamlessly stake Solana (SOL) tokens to enterprise-grade validators on the Bison Trails platform.

Coinbase Custody provides an institutional-grade offline token storage solution and is one of the first cold storage custodians to offer SOL storage. Paired with Bison Trails’ secure infrastructure platform, Coinbase Custody clients are presented with the optimal conditions to participate in the Solana network by staking with safe, offline storage of their assets.

Delegating now, during Solana’s “warmup period,” gives the stake time to become active so token holders can start earning rewards quickly when inflation is activated. The warmup period can be from a few days to a few weeks, depending on how many other people are staking/unbonding at the same time, so participating early is important, even before inflation is active.

This collaboration represents a deepening of the integration of Coinbase Custody’s institutional-grade offline storage solution with the Bison Trails infrastructure platform, and comes on the heels of an inaugural collaboration to enable Polkadot (DOT) staking to Bison Trails’ public validators. Coinbase Custody clients can stake Solana (SOL) tokens to validators on the Bison Trails platform, easily and securely.

“By extending this integration, Bison Trails is now enabling any Coinbase Custody customer to stake their SOL, and DOTs, securely to Bison Trails' highly available validators. It's a seamless integration and a phenomenal user experience. We look forward to working with the Coinbase Custody team to continue to add support for more protocols in the near future.” —Joe Lallouz, CEO of Bison Trails

Customers of both Coinbase Custody and Bison Trails will be able to select their own dedicated Bison Trails validator via the Coinbase interface. This process will make it simple to participate in securing Solana, and Polkadot, in just a few clicks.

"We are excited to offer our clients an effortless way to stake on the new networks they care about most. With our Bison Trails integration, it has never been easier to earn staking rewards on Coinbase Custody."—SAM MCINGVALE, CEO OF COINBASE CUSTODY

For more information on the Bison Trails and Coinbase Custody integration, please visit: https://bisontrails.co/delegate/coinbase/.


Contact Us

Contact us to learn more about this integration, Solana or securely staking SOL with Coinbase Custody.


About Coinbase Custody

Launched in 2018, Coinbase Custody offers its clients access to the same secure, institutional-grade offline storage solution that has been 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. For more information, visit https://custody.coinbase.com.


About Solana

Solana is a high-throughput blockchain that is currently supporting 50,000 transactions per second and 400ms block times, without complex solutions like sharding or layer-two. As the world’s first web-scale blockchain, Solana unlocks a whole new class of performant applications and facilitates larger-scale blockchain adoption. Utilizing a revolutionary innovation called Proof of History, Solana is drastically able to outperform any other existing layer 1 and provide fees at $0.00001 per transaction. Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.


About Bison Trails


Our mission is to provide superior infrastructure on multiple blockchains, to strengthen the entire ecosystem, and enable the pioneers of tomorrow.

Pioneering Blockchain Infrastructure®

Bison Trails is a blockchain infrastructure company based in New York City. We built a platform for anyone who wants to participate in 19 new chains effortlessly. We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 27 protocols with QT. Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.


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THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.


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