Brian Armstrong announced on Twitter that Coinbase now has 120,000 Ethereum validators. This move stakes 3.84 million ETH, demonstrating the company's major role within the Ethereum network.
With the price of Ethereum at $1,982.28, Coinbase's involvement indicates commitment to Ethereum's ecosystem. Vitalik Buterin has endorsed the event while advocating for continued decentralization efforts.
Upon Coinbase's announcement, staked ETH increased by approximately 2% within 24 hours. However, Ethereum's price reflected market uncertainty with a -2.45% change in the same period.
Concerns about centralization were voiced by the community, including on Ethereum's Discord. The geographical distribution of validators was highlighted as critical to resilience.
Historically, major stakeholders like Coinbase entering Ethereum staking have prompted discussions on decentralization. Past similar events have led to calls for increased individual participation.
According to experts, ensuring diverse securing of nodes remains crucial. The integration of smaller players is recommended to maintain a balanced network structure.
Brian Armstrong, CEO of Coinbase, tweeted on March 20, 2025, — "Proud of our team for reaching this milestone. Coinbase now operates 120,000 Ethereum validators, staking 3.84M ETH. We remain committed to supporting the Ethereum ecosystem while prioritizing decentralization and security."
Read original article on bitcoininfonews.com
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