{"id":519108,"date":"2023-02-09T11:55:35","date_gmt":"2023-02-09T11:55:35","guid":{"rendered":"https:\/\/wncen.com\/?p=519108"},"modified":"2024-06-11T14:32:19","modified_gmt":"2024-06-11T14:32:19","slug":"lido-finance-ldo-climbs-10-is-it-too-late-to-get-in","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/lido-finance-ldo-climbs-10-is-it-too-late-to-get-in\/","title":{"rendered":"Ethereum Staking Provider Lido Finance (LDO) Climbs 10%, Is It Too Late To Get In?"},"content":{"rendered":"
The token of the largest Ethereum liquid staking provider Lido Finance, LDO, has seen a strong rally in the past few hours. After Coinbase CEO Brian Armstrong shared the rumor that the U.S. Securities and Exchange Commission wants to ban retail crypto-staking in the U.S., the LDO price ballooned by more than 22%.<\/p>\n
At press time, the Lido Finance token (LDO) was trading at $2.69, recording a strong gain of around 10% over the past 24 hours. The backdrop for the rally is the assumption that Armstrong’s tweet implies that third-party decentralized staking providers could benefit from the rumored ban of crypto staking in the US.<\/p>\n
Lido and other decentralized on-chain protocols for liquid staking are set up as a countermeasure to centralized exchanges that also offer ETH staking. Coinbase accounts for 10% of all ETH staked, Binance claims 10% and Kraken 9.2%, according to Nansen’s data<\/a>.<\/p>\n