Binance could be behind over a dozen stake pools on the Cardano blockchain

Binance, one of the world's largest cryptocurrency exchanges, might be behind around a dozen stake pools on the Cardano network.

More than a dozen Binance stake pools pop up on Cardano.

With more than 1,000 stake pools currently operating on the Cardano blockchain, it was only a matter of time before some of the industry's largest players began entering the space.

According to the data available on the Daedalus Wallet, the first to start not one, but 18 stake pools on the Cardano network was Binance, one of the largest cryptocurrency exchanges in the world.

Rick McCracken, the host of The Cardano Effect podcast, was the first to share the emergence of at least a dozen Binance stake pools on Cardano, tweeting screengrabs of all of the pools titled "BNP.".

Despite the metadata of most of the stake pools listing the official Binance website, neither the exchange nor any of its representatives confirmed their authenticity.

The impact Binance's stake pools could have on Cardano.

While we're yet to see Binance officially confirm the existence of these pools, many members of the Cardano community seem sure that the exchange is already knee-deep in Cardano.

A large portion of the Cardano community seems wary of large players such as Binance getting involved with staking.

With a lower tax than most stake pools, Binance could attract a significant number of newcomers who want to pledge their ADA to a trusted name-a move that many believe will increase the centralization Cardano was built to combat.