Popular crypto exchange Coinbase has resumed operations in Hawaii after a 7-year absence. Thanks to recent regulatory changes and loosening of restrictions, residents can now buy, sell, and stake cryptocurrencies on Coinbase with up to 12% APY.

The Hawaii Digital Currency Innovation Lab pilot program has loosened cryptocurrency restrictions, allowing companies like Coinbase to gain a foothold in the state. Now Hawaiians can use the Coinbase website and mobile app to buy, sell, and manage their cryptocurrency wallets.

For Coinbase, entering the Hawaii market means an expansion of its user base. It also underscores the state’s commitment to encouraging innovation in the digital currency space. The exchange has been arguing with the SEC for some time over the disclosure of documents related to the application of securities laws to digital assets.

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“For years, Hawaii residents have shown strong interest in cryptocurrency on Coinbase, the only publicly traded cryptocurrency exchange in the U.S., and we are excited to deliver on that promise today,” Coinbase said in a statement. “From seamless trading features to secure asset protection, Coinbase offers the most trusted cryptocurrency products and services.”

“The launch in Hawaii fuels enthusiasm for the continued growth of the crypto industry, and we are excited to bring the power of cryptocurrencies to more people and places,” added Faryar Shirzad, Chief Policy Officer at Coinbase. “This is just one step in our mission to increase economic freedom around the world.”