The share of the cryptocurrency exchange Coinbase in the Ethereum staking market has decreased amid pressure from US regulators.
According to the Dune Analytics dashboard, the trading platform accounts for 9.9% of the total Ether staked. This is the lowest rate since May 2021.
On June 6, the US Securities and Exchange Commission (SEC) filed a civil lawsuit against the exchange. Among other things, the Coinbase Earn staking program fell under the scope of the regulator.
Over the past few days, the exchange has occupied a leading position in terms of withdrawals from the service at various time intervals.
The ability to unlock the staked cryptocurrency on the network appeared as a result of the activation of the Shapella hard fork on April 13th.
The volume of assets in staking continues to grow – the indicator reached 23.27 million ETH, or 19.35% of the total supply of the coin. However, the total market share of centralized exchanges is declining. They account for 19.3% against 43% in June 2021.
Against this background, the popularity of liquid staking services like Lido Finance, which already holds over 35% of locked coins, is growing in popularity.
Recall that the American cryptocurrency exchange Gemini has expanded the Staking Pro program for wealthy clients to the UK.
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