According to data compiled by 21Shares Research, approximately 90% of fully staked Ethereum withdrawals on the Beacon Chain occur on centralized exchanges (Kraken, Binance, and Coinbase).
Tom Wan, a research analyst at 21Shares Research, pointed out that users have withdrawn more than 877,000 ETH from these exchanges, accounting for 87.5% of the ETH that has been completely withdrawn.
In terms of validator exits, Kraken topped the list with more than 15,000 exit validators, three times higher than the second-placed Binance, which only had 5,676 validator exits, and Coinbase ranked first with 2,849 exit validators third.
Additionally, Nansen’s Shapella dashboard shows that these exchanges accounted for only 77.8% of these full ETH withdrawals, or 785,742 ETH.