I am sorry if this has been requested earlier than however I can not discover an clever reply with out it being known as FUD. I am not spreading FUD simply on the lookout for a solution.
After the merge , ETH requires a minimal of 32 ETH which is so much for the common investor. Because of this 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 current FTX crash and Binance FUD happening , let’s contemplate the worst. If all exchanges end up unsustainable or laws make exchanges comply to their authorities for what ever purpose. What does it imply for ETH and crypto ?