According to blockchain analysis platform Glassnode, the leading US cryptocurrency exchange Coinbase currently holds around 4% of all circulating Bitcoin (BTC) tokens.
Information shows that the leading cryptocurrency exchange platform holds approximately 839,000 BTC.
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Glassnode stated:
Coinbase, as an organization, manages a significant portion of the exchange’s total balance and the balance of the US Spot Exchange Traded Fund (ETF) through its custody services.
It is believed that Coinbase Exchange and Coinbase Custody structure hold approximately 270,000 BTC and 569,000 BTC, respectively.
As an entity, Coinbase holds most of the foreign exchange balance and US Spot ETF balance through its custody services.
The estimated holdings of Coinbase Exchange and Coinbase Custody entity are currently 2.7 million and 5.69 million bitcoins, respectively.
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– glassnode (@glassnode)
June 17, 2024
