Evaluating the 'Big 3' staking exchanges: Coinbase, Binance and Kraken

Quick Take

  • The three big “staking” exchanges – Coinbase , Kraken, & Binance – now account for 19% of all Tezos that are currently staking
  • All 3 of the exchanges have become the largest validators that offer staking services on the Tezos network
  • Independent, non-custodial services such as Cryptium Labs have experienced diminishing rewards over the past two quarters while exchanges have experienced high growth for their services.
The block has evaluated the staking services provided by Coinbase, Kraken, and Binance and the revenue generated.

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