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Coinbase becomes Ethereum's largest node operator with 11% stake
Publish date
12:00am, Thursday, March 20, 2025
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Coinbase also reported that its validators had an average uptime of 99.75%.
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In a performance report, Coinbase said it had 3.84 million Ether, worth about $6.8 billion, staked to its validators. The exchange said that, as of March 3, it has 11.42% of the total staked ETH.
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Anthony Sassano, host of The Daily Gwei, said that Coinbase's stake makes the exchange the “single largest node operator” in the network. Sassano added that while the staking platform Lido is bigger as a collective, each node operator has a much smaller percentage share.
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