Coinbase has recently come under fire from the beloved SEC. As a consequence Coinbase began removing or limiting certain features such as staking as to minimize their clash with the SEC. 

Personally I had my Algo tokens stored with Coinbase to take advantage of the 5.75 percent rewards which seemed very good. 

When I heard the news I immediately began searching for a new home for my Algo. 

Looking back it may have been better to wait till the staking expired before moving my Algo, in order to potentially receive the last of the rewards if they’ll be distributed, but what it certain either way is that I was pulling my assets as a result of this new policy. 

Coinbase’s earning programs were fairly attractive it’s a shame that they’re being forcefully ended. 

One good thing was it was extremely cheap to send Algo from Coinbase, unlike other assets where gas prices are crazy expensive, I didn’t feel like and I wasn’t loosing anything by transferring it out. 

For now I’m lending my Algo on KuCoin we’ll see how that goes, if you have any other suggestions please share them in the comments. 

Also let me know what you think of our new look