Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts

📆 2023/06/24 10:00:00

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.coinbase is losing market share in the otherwise booming $ETH staking business, dropping below 10% for the first time since May 2021, as the SECGov lawsuit weighs on it. sndr_krisztian reports

📆 2023/06/24 10:00:00
📰 CoinDesk

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Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking

Coinbase, however, suffered a net outflow of $517 million during the same period, the second-largest amount after rival crypto exchange Kraken. “A potential reason could be that investors do not want to be exposed to regulatory risk by using Coinbase’s staking services,” Tom Wan, analyst at 21Shares, told CoinDesk in a note.

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