Coinbase becomes Ethereum’s largest node operator with 11% stake

Coinbase is Ethereum’s largest node operator, holding 11.42% of staked ETH with validators achieving 99.75% uptime, outperforming network averages.

A Coinbase report revealed that the crypto exchange is the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether.

In a performance report, Coinbase said it had 3.84 million Ether (ETH), 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. 

Anthony Sassano, host of The Daily Gwei, said that Coinbase’s stake makes the exchange the “single largest node operator” in the network. 

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