The holders of Maker (MKR) who use Coinbase Custody have been given an opportunity to participate in on-chain governance without withdrawing their holdings. Hence, it eliminates the risk related to moving an asset from cold storage.
The San Francisco-based cryptocurrency exchange, which successfully ventured into custody last year, has announced that MKR owners will be able to cast a vote directly from their accounts.
"Coinbase Custody is fast becoming critical infrastructure for the cryptoeconomy. Governance is another step in our journey to give our clients the platform they need to fully engage with the emerging crypto asset class."
Prior to that, Coinbase Custody announced staking support for Tezos (XTZ) on Mar. 29. The Brian Armstrong-led company announced that it would also add MakerDAO.