• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
coinbase tezos xtz pump

Coinbase Tezos Pump Fires Up Spreads Across Crypto Exchanges

Martin Young
by Martin Young
5 years ago
·
Posted in Altcoin News, Altcoins
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tezos price spiked sharply today after Coinbase announced staking rewards for XTZ. The token pumped so hard that huge spreads opened up between exchanges leading to arbitrage opportunities for savvy traders.


Crypto Exchange Pump Inbound

Late yesterday Coinbase announced that it was expanding access for Tezos staking. The offer of earning rewards for XTZ stored on the exchange was only available to US customers however. Coinbase will be staking the tokens on behalf of its users and distributing the rewards back into their wallets.

Staking is the next evolution of consensus which will let users earn income by participating directly into the network and blockchain. Coinbase added that staking Tezos via a delegated staking service can be confusing so it would be doing all of the leg work for its American clients.

The announcement added;

The current estimated annual return for Tezos staking on Coinbase is ~5%. You’ll see your pending rewards increase in real-time in the app, and once your initial holding period completes (35–40 days), you’ll receive rewards in your account every 3 days.

Clearly this beats pretty much anything that a bank can offer these days with many of them dropping interest rates into negative territory. Staking and decentralized finance (Defi) based on Ethereum could well be the future of finance as the world teeters on economic collapse.

Coinbase also offers an ‘Earn Tezos’ campaign which rewards users in XTC ‘simply by learning about the token and taking a few quizzes.’ The exchange is clearly working towards simplifying the process of buying and earning with crypto assets which is good for the industry as a whole.

Tezos Market Reaction

As expected XTZ prices surged on the news adding over 50% in a pump from $0.90 to top $1.40. Trade volume cranked from $13 million to over $60 million with Coinbase Pro taking a quarter of that volume.

Analyst and trader Alex Krüger noted that huge spreads between exchanges were forming as the crypto asset surged.

The spread on $XTZ between Coinbase and Bitfinex or Kraken has been over 20% for over an hour now. By the way, $XTZ is up 70% in Coinbase tonight. Just another day in crypto.

The spread on $XTZ between Coinbase and Bitfinex or Kraken has been over 20% for over an hour now.

By the way, $XTZ is up 70% in Coinbase tonight. Just another day in crypto. How is that $EURUSD swing long treating you?

— Alex Krüger (@krugermacro) November 7, 2019

This would have provided some good arbitrage opportunities between the exchanges for canny traders that wanted to make a bit more than the 5% staking reward.

At the time of writing, Tezos prices had retreated to $1.15 as the FOMO starts to fade. The bigger picture though is no better than any other altcoin as XTC is down 90% from its all-time high as most of them still are.

Will Tezos become a top ten crypto asset? Add your thoughts below.


Images via Shutterstock, Twitter: @krugermacro

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Martin Young

Martin Young

Follow

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

Full Profile

Related Posts

XRP

Is Real Estate About To Unlock XRP’s Next Sky-High Rally?

1 day ago
altcoins-prets-a-exploser-septembre-2025

3 altcoins prêts à exploser en septembre 2025

5 days ago
Ethereum

Ethereum Smart Contracts Become Latest Hiding Spot For Malware

5 days ago
TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

5 days ago
acheter-token6900-avant-claim

Dernières 24h pour acheter TOKEN6900 avant le claim !

6 days ago
Ethereum

Ethereum Scores Milestone As Chinese Firm Floats 1st Public RWA Bond

1 week ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Cloud Mining

    Compliance and High Returns: ALR Miner Cloud Mining, with...

    1 hour ago
  • PEPENODE มีมคอยน์กบกอดโทเค็นสุดน่ารัก

    PepeNode เหรียญมีมสาย Mine-to-Earn...

    4 hours ago
  • Bitcoin Hyper

    Bitcoin Hyper наближава $15 милиона...

    5 hours ago
  • miner

    From simply holding coins to earning steady daily returns...

    8 hours ago
  • Ex-Wealth Manager Théo Vaucher Leaves Wealth Management to...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.