“With today’s launch, Coinbase is offering an easy, secure way for any retail user to actively participate in the Cardano network and earn rewards,” Coinbase said in a blog post.

The crypto exchange estimated that there will be about a 3.75% annual percentage yield on staked Cardano. After an initial holding period of 20 to 25 days, customers will receive awards to their account every five to seven days.

ADA was up 9% to $1.17 on Wednesday afternoon. Crypto markets were broadly higher as well, including an 8% gain for solana, and 4.5% advances for bitcoin and ether.