Coinbase has introduced SUI staking for eligible customers while Sui advances its Bitcoin-focused Hashi testnet. The rollout allows users to earn daily rewards directly through their exchange accounts. Meanwhile, Hashi gives developers and institutions a controlled environment for testing Bitcoin financial applications.
SUI Staking Opens With Daily Rewards
Coinbase said customers can begin staking with at least one SUI token. Estimated annual rewards range between 1.4% and 3.3%, depending on network conditions. The exchange distributes rewards after each 24-hour Sui network epoch.
It also automatically adds earned rewards to each customer’s staked balance. This auto-compounding process increases the amount participating in future staking periods. However, actual returns may change as network activity and validator performance shift.
The company announced the service through an official post on X. “You can now stake SUI – directly on Coinbase,” the exchange said. It also promised “Instant rewards, accumulated straight to your account.”
Regional Limits Accompany Staking Rollout
Coinbase stated that the staking service remains unavailable in certain jurisdictions. Regional regulations and account eligibility will determine which customers can access the product. The company also clarified that its announcement did not provide investment advice.
The launch arrived as Coinbase ended a long-running information dispute with the United States Securities and Exchange Commission. The SEC agreed to pay $150,000 as part of a settlement announced Wednesday. The legal matter concerned a Freedom of Information Act lawsuit involving requested agency records.
Despite these developments, Coinbase shares declined during Wednesday’s trading session. COIN stock fell 3.67% and traded near $169.40 during intraday activity. The decline continued a recent downtrend in the exchange operator’s market value.
Hashi Testnet Targets Bitcoin-Based Finance
Sui launched the Hashi testnet alongside support from more than 25 ecosystem partners. Developers, custodians, and financial institutions can test Bitcoin applications before the planned mainnet launch. The platform connects Sui’s blockchain performance with Hashi’s Guardian Layer security system.
The Guardian Layer strengthens controls surrounding Bitcoin used as collateral. It also supports transparent and programmable financial activity conducted through on-chain applications. Participants can test security features and operating processes before deploying products on the main network.
Hashi targets applications including lending, credit products, and structured yield strategies. Coinbase adds broader SUI access while the testnet expands Bitcoin’s role within the Sui ecosystem. Together, both launches mark new infrastructure developments for staking and institutional Bitcoin finance.
This article was originally published as Coinbase Adds Sui Staking as Hashi Testnet Expands Bitcoin Finance on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.