A certain US stock platform is launching a staking feature, and you can also manually adjust the cost basis for tax reporting.

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[Bitpush] A certain US stock brokerage will be launching ETH and SOL staking features in New York this Tuesday. Simply put, you deposit your coins there, and the platform helps you earn yield—making money while you sleep.

A more practical update is that starting December 22, users will be able to manually enter their crypto purchase costs. This is great news for those dealing with taxes, since you can finally adjust data like tax lots, profit and loss calculations, and average cost yourself. Many people previously complained about the platform’s inaccurate cost calculations, so this serves as a remedy.

Staking services themselves aren’t new—other exchanges have been offering them for a while. But for users used to operating on traditional brokerages, being able to manage stocks and crypto assets in one place, and even stake to earn yield, is a big convenience. However, details like the actual yield rate and whether there’s a lock-up period will have to wait until the official launch.

ETH-0.49%
SOL-1.76%
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rekt_but_vibingvip
· 12-11 03:16
This announcement is highly anticipated.
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SatoshiSherpavip
· 12-10 06:29
Yield is a pit
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AirdropHuntervip
· 12-09 14:15
Finally, no more need to cook the books.
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TokenomicsTrappervip
· 12-08 23:13
Bullish news will bring the bull market.
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gas_fee_traumavip
· 12-08 23:04
The most memorable experiences are those where I suffered losses.
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LayerZeroHerovip
· 12-08 23:03
The yield is a bit uncertain.
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fren.ethvip
· 12-08 22:59
Reliable, waiting for details on earnings
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NotFinancialAdviservip
· 12-08 22:59
What about licensing risk?
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