Earnings from Ethereum

Earnings from Ethereum, Solana and Cardano staking show uneven growth for Coinbase

– Coinbase prioritized development of its staking products and has a long-term goal of becoming the top provider.
– When comparing the first nine months of 2022 to the same period last year, Coinbase earned $213 million from blockchain rewards, up from $120 million in the first three quarters of 2021.
– However, in the past month, Coinbase has actually dropped and now represents 14% of staked Ethereum.
– Coinbase’s Ethereum staking business faces another potential challenge: When CEO Brian Armstrong was asked if he’d censor transactions on the Ethereum network or get out of the ETH staking, he said he’d rather shut it down.

coinbase logo with ethereum token gID 1jpg@png Earnings from Ethereum, Solana and Cardano staking show uneven growth for Coinbase

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