ETH Staking Withdrawals: Kraken and Huobi Among Largest Entities Withdrawing
- Kraken has withdrawn massive amounts of ETH following the SEC’s order.
- Huobi’s withdrawals are believed to be associated with Justin Sun.
- Lido has yet to support ETH staking withdrawals.
Ethereum has recently implemented one of the most important protocol upgrades in its history. The second-largest blockchain activated ETH staking withdrawals, allowing individuals and entities to withdraw their staked ETH for the first time since 2020.
The incoming data suggests that centralized exchanges are the largest withdrawers of staked ETH.
Kraken and Huobi Among Largest Entities Withdrawing ETH
Kraken, a U.S.-based crypto exchange, has already withdrawn over 150,000 ETH, equivalent to around $300 million. However, the exchange is still waiting in the queue to withdraw over 400,000 ETH, which comprises 44.3% of all ETH waiting in the line, according to data…
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