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Coinbase’s Ethereum staking dominance risks overcentralization: Execs

Summary by Cointelegraph
Coinbase’s emergence as the Ethereum network’s largest node operator raises concerns about network centralization that could worsen as institutional adoption accelerates, industry executives told Cointelegraph. On March 19, Coinbase published a report disclosing that the US cryptocurrency exchange controlled more than 11% of staked Ether (ETH), more than any other Ethereum node operator. According to Karan Sirdesai, CEO of Web3 startup Mira Netw…
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Coinbase’s Ethereum staking dominance risks overcentralization: Execs - WorldNL Magazine

Coinbase’s emergence as the Ethereum network’s largest node operator raises concerns about network centralization that could worsen as institutional adoption accelerates, industry executives told Cointelegraph. On March 19, Coinbase published a report disclosing that the US cryptocurrency exchange controlled more than 11% of staked Ether (ETH), more than any other Ethereum node operator. According to Karan Sirdesai, CEO of Web3 startup Mira Netw…

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ethnews.comethnews.com

Lido vs. Coinbase: Who Commands Ethereum’s Future? News ETHNews

Coinbase’s 11% stake in staked ETH raises ongoing concerns about structural centralized node control within Ethereum’s proof-of-stake framework. Future US-based ETH ETFs, if approved, may boost Coinbase’s role, amplifying further centralization fears among decentralization advocates worldwide. Coinbase’s growing role as the largest Ethereum node operator is fueling a debate about the future of network distribution. In a recent report, the exchan…

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CryptoPanicCryptoPanic
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Coinbase’s Ethereum staking dominance risks overcentralization: Execs

Coinbase’s emergence as the Ethereum network’s largest node operator raises concerns about network centralization that could worsen as institutional adoption accelerates, industry executives told Cointelegraph.  On March 19, Coinbase published a report disclosing that the US cryptocurrency...

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Cointelegraph broke the news in on Friday, March 28, 2025.
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