Quick TakeWith one decision to give its retail customers access to its staking service, Coinbase became the second-largest validator on Tezos virtually overnightOur research estimates that 87% of the funds taking part in its staking are retail customers, with approximately 13% coming from Coinbase Custody and its institutional clientsWe expect the trend of large-scale exchanges dominating the staking scene to continue, and it’s likely smaller-scale staking services will find it difficult to compete
