Evaluating the 'Big 3' staking exchanges: Coinbase, Binance and Kraken

Three major crypto exchanges – Coinbase, Kraken and Binance – have collectively gained a sizable share of the market for Tezos (XTZ) staking since last spring.

For a time, Coinbase was the only major exchange that offered staking services to its clients. The firm first launched its offering in May 2019 to institutional clients, and then expanded out to retail customers by in November. Binance announced staking support a month later in December. Kraken quickly followed and announced its staking service for Tezos only days after Binance.