Shifting tezos staking dynamics likely to favor bigger exchanges

Popular U.S. cryptocurrency exchange Coinbase recently announced that all customers who owned Tezos with the exchange would be able stake with them directly and earn rewards. Initially, its staking service was only available to institutional clients through Coinbase Custody, but now any retail customer globally has access to these features. 

Less than a month later, the move is already showing trails of data on the role major exchanges will play for cryptocurrencies that have staking in their consensus model. In such a short time, Coinbase has demonstrated, at least for the moment, how major exchanges not only have the luxury to charge customers a higher-than-market rate for staking services, but how their large customer bases allow them to quickly gain a great deal of influence over these networks.