I am sorry if this has been requested earlier than however I am unable to discover an clever reply with out it being referred to as FUD. I am not spreading FUD simply searching for a solution.
After the merge , ETH requires a minimal of 32 ETH which is so much for the typical investor. In consequence exchanges and different platforms are getting used to stake ETH. That is clearly a case of “Not your keys , not your cash”
64% of staked ETH managed by 5 entities
Lido Finance 31 %
Kraken 8.5%
Coinbase 15%
Binance 6.5%
Whereas a fifth unlabelled group of validators holds 23% of staked ETH. -Supply
With the latest FTX crash and Binance FUD occurring , let’s think about the worst. If all exchanges end up unsustainable or laws make exchanges comply to their authorities for what ever cause. What does it imply for ETH and crypto ?
