Odaily News Coinbase releases its first Ethereum validator performance report, disclosing its operations in February 2025.
Data shows that Coinbase currently operates 120,000 Ethereum validators, managing 3.84M ETH (11.42% of the total staked ETH). In addition, 581,500 ETH are staked through partners. As of March 4, Coinbase Ethereum validators have no slashing or double-signing incidents, and maintain a 99.75% online rate and 99.75% participation rate.
Coinbase uses Lighthouse and Prysm as consensus clients, Geth and Nethermind as execution clients, and supports 6 MEV transaction relays. Its validators are distributed in Japan, Singapore, Ireland, Germany, and Hong Kong, and are hosted on AWS and GCP cloud service providers to improve decentralization and fault recovery capabilities.