NEWSLETTER
Coinbase is the largest one -node operator that admits rethinking activities in the ethereum Network.
According to their single validator performance <a target="_blank" href="https://www.coinbase.com/blog/ethereum-validator-performance-report”>reportThe United States headquarters has opted 3.84 million eth at 120,000 validators, which represents 11.42% of the total eth stake.
Beyond its direct rethinking operations, Coinbase has also opted additional 581,500 eth through partners as of March 4, 2025.
These combined rethinking operations solidify coinbase leadership among centralized competitors. In comparison, Binance currently has about 2 million eth, and Kraken approximately 1 million eth, placing Coinbase clearly ahead.
The rapid expansion of the company in ethereum Staking occurs despite the previous legal challenges of the United States Stock Exchange and Securities Commission (SEC). The financial regulator had claimed that Coinbase's rethinking services violated the securities laws.
However, the exchange denied these claims, arguing that Apostador improves Blockchain's security and does not comply with the legal criteria described in the United States Securities Law or the Howey test.
Validator performance
Validators play an important role in the network, since they are responsible for verifying and validating new transactions and blocks in the block chain.
The report highlights the efficiency of Coinbase, with its validators achieving an activity time and a participation rate of 99.75%.
The exchange declared that its validators are distributed in multiple jurisdictions, including Japan, Singapore, Ireland, Germany and Hong Kong.
Meanwhile, exchange validators use multiple clients and consensus to further improve security and decentralization. This approach reduces the risk of network failures, mitigates possible attacks and guarantees stable rewards.
As a result, the exchange declared that their validators have a perfect history of never signing or being cut.
Larger node operator
Anthony Sassano, ethereum educator and founder of the Daily Gwei, <a target="_blank" href="https://x.com/sassal0x/status/1902492546619863538?s=46″>indicated That these numbers mean coinbase is the largest individual node operator in the network.
According to him:
“Coinbase (IS) the largest node operator on the network (Lido is larger as a collective, but each node operator has a much lower participation).”
Dune Analytics data shows that Lido remains the dominant force in ethereum Staking, with more than 9 million eth stamped. This represents approximately 27.3% of the total betting market.
Mentioned in this article
(Tagstotranslate) Coinbase (T) ethereum
