Staking With Third Party Validators. Client may engage with third-party service providers (“Third Party Staking Service Providers”) to provide validator services for Client’s Digital Assets. From time to time, Coinbase Custody may allow Client to select or designate (A) certain Third Party Staking Service Providers directly via the Coinbase PB Site, or (B) an arbitrary Third Party Staking Service Provider by manually entering the applicable staking or delegate address for such provider via the Coinbase PB Site (collectively, the “Third Party Staking Services”). Coinbase Custody shall use commercially reasonable efforts to ensure the accuracy and availability of validator information and interface functionality on the Coinbase PB Site. Notwithstanding the affiliate relationship between the Coinbase Entities and Coinbase Crypto Services, LLC (d/b/a “Coinbase Cloud,” f/k/a Bison Trails), all staking services provided by Coinbase Cloud shall be deemed Third Party Staking Services and Coinbase Cloud shall be deemed a Third Party Staking Service Provider for purposes of this Section. However, where Coinbase Cloud is selected via the Coinbase PB Site, Coinbase Custody shall, upon Client’s written request, use commercially reasonable efforts to facilitate communication and issue resolution with Coinbase Cloud.
Appears in 3 contracts
Sources: Coinbase Prime Broker Agreement (Bitwise Dogecoin ETF), Coinbase Prime Broker Agreement (Bitwise Solana ETF), Coinbase Prime Broker Agreement (Bitwise 10 Crypto Index Fund)