Coinbase News: Coinbase Manages Significant Stake in Ethereum and Maintains High Uptime

In a recent development, Coinbase has emerged as a key player in the Ethereum staking landscape, controlling a substantial portion of staked Ethereum and maintaining an impressive uptime record.

Coinbase Controls 11.42% of Staked Ethereum

Coinbase controls 11.42% of staked Ethereum and manages 120k validators across 5 countries. A report revealed that the company had an uptime of 99.75% in February 2025, choosing not to target 99.9% uptime for security reasons. The exchange claims to have avoided security concerns such as double signing and has never experienced slashing. Slashing is a penalty in which Ethereum validators lose a percentage of their stake for committing infractions that affect network security.

Coinbase’s February Ethereum Staking Market Share

Coinbase controlled 11.4% of Ethereum’s staking market share in February with 120k validator nodes and 3.84M ETH staked. The validator nodes were located in Japan, Ireland, Singapore, Germany, and Hong Kong. Coinbase relied on two execution clients and cloud providers to ensure reliability. Ethereum educator Sassal acknowledged that Coinbase was the largest validator node operator with this market share.