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Cryptopolitan
2023-05-03 08:25:19

Binance, Coinbase lose $700M in Ether as decentralized liquid staking gains momentum

Binance, Coinbase lose $700M in Ether as decentralized liquid staking gains momentum

Blockchain data reveals that centralized crypto exchange giants Binance and Coinbase have experienced significant outflows of staked ether (ETH) since Ethereum’s Shanghai upgrade, as investors migrate to decentralized competitors. According to a Dune Analytics data dashboard, Coinbase’s staking platform has experienced a $367 million net outflow of staked ether since April 12, as withdrawal requests … Binance, Coinbase lose $700M in Ether as decentralized liquid staking gains momentum Read More »

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