Coinbase Dominates 8% of Staked ETH, Paving the Way for a Staking ETF

Coinbase has emerged as one of the largest holders of staked Ethereum (ETH), controlling approximately 8% of all staked ETH. This significant share not only highlights its dominance in the staking market but also positions the exchange as a potential candidate to launch a staking ETF. With Binance trailing behind at 2.2 million staked ETH, Coinbase’s retail-friendly approach—allowing users to earn yield without the need to lock 32 ETH—has proven highly attractive. Offering up to 2.14% APY for its intermediary services, Coinbase is reshaping how investors participate in staking, which currently yields up to 3.95% annually. This development signals a transformative shift in the crypto staking landscape, with Coinbase at the forefront.

Coinbase Controls 8% of Staked ETH, Potential Staking ETF in Sight

Coinbase is one of the biggest holders of staked Ethereum (ETH), controlling up to 8% of staked ETH. This potentially signals its ability to offer staking ETFs. The centralized exchange has surpassed Binance, which holds around 2.2M staked ETH. Coinbase allows retail investors to gain yield without locking 32 ETH, offering up to 2.14% APY for using it as an intermediary. Currently, staking can bring back up to 3.95% in annualized earnings for those who deposit 32 ETH.

Coinbase Upgrades Solana Infrastructure

Coinbase has upgraded its infrastructure to better support the Solana ecosystem after receiving user complaints. The largest U.S. crypto exchange has rolled out improved failsafes, enhanced liquidity measures, and faster transaction processing. Additionally, Coinbase promised to speed up Solana transaction processing times in January after users encountered problems with depositing and withdrawing SOL. According to Coinbase, enhancements allowed quicker and more dependable sends and receives, reaffirming its dedication to providing industry-best results and dependability for its users.

US vs. Korea: Surprising Split in Bitcoin (BTC) Trader Behavior

There is a notable divergence in Bitcoin investor behavior between the US and Korean markets. Amid heightened global uncertainty fueled by escalating US-China trade tensions, Bitcoin has experienced a sharp correction, though recent signs point to stabilization. The Coinbase Premium, reflecting the price difference of Bitcoin on Coinbase versus global exchanges, is showing signs of recovery. After tightening through a series of lower highs and higher lows since March 2024, the premium has recently begun to trend upward, suggesting a renewed buying interest from US-based institutional and retail investors. This activity coincides with Bitcoin’s modest rebound and signals that Coinbase traders may be positioning ahead of broader market shifts. Korean market trends are not mentioned in this excerpt.