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.

This story is an excerpt from the Unchained Daily newsletter.

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.