Coinbase Leads as Largest Independent Ethereum Node Operator
- Coinbase has staked 3.84 million ETH through 120,000 validators, representing 11.42% of total staked ETH.
- An additional 581,500 ETH is staked through partners as of March 4, 2025.
- Binance and Kraken stake approximately 2 million and 1 million ETH, respectively.
- Validators achieve a 99.75% uptime and participation rate.
- Validators are distributed across Japan, Singapore, Ireland, Germany, and Hong Kong.
Coinbase’s staking operations account for a significant portion of Ethereum’s network security with over 4.4 million ETH staked directly and through partners. This positions Coinbase ahead of other centralized competitors like Binance and Kraken in terms of staked amounts.
Source (2.6.1)https://cryptoslate.com/coinbase-stakes-its-claim-as-ethereums-largest-independant-node-operator/?rand=24433
