Coinbase Launches Instant Unstaking

Coinbase now lets users unstake assets instantly for a 1% fee, bypassing long protocol withdrawal queues and adding flexibility for stakers who need immediate liquidity.

Crypto exchange Coinbase has launched an instant unstaking feature that allows users to unstake their crypto assets immediately by paying a 1% fee.

The new option overcomes the traditional wait times for unstaking, which on blockchain protocols can take anywhere from a few minutes to several weeks depending on the asset.

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Coinbase CEO Brian Armstrong used ETH as an example, which has a typical wait time of 38 days to unstake assets when joining the standard unstaking queue. 

Aside from the first option, users can either wrap staked ETH into Coinbase-issued cbETH, which has liquid markets, or instantly unstake for a 1% fee, Armstrong explained.