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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