Coinbase says it is staking 40.48 million SOL

Coinbase (COIN) announced that it managed 40.48 million SOL in the first quarter of this year, representing 9.52% of the total amount staked on the Solana network. The company explained that its Solana validator nodes are operated across six countries and regions and support multiple clients, including Firedancer, to ensure system stability and prevent centralization risks.