• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase Holds Substantial Bitcoin Reserves: Which Companies Entrusted Their Assets to This Platform

user avatar

by Giorgi Kostiuk

2 years ago

  1. Why Pick Coinbase as Your $BTC Custodian?
  2. $BTC Spot ETFs and ETPs
  3. MicroStrategy and CEXes


    4. Recent research revealed that a substantial amount of Bitcoin is under the management of Coinbase. This makes them a significant player in the industry and a potential critical point of failure in case of a hack.

    Why Pick Coinbase as Your $BTC Custodian?

    Crypto custodians have become an essential part of the crypto industry, but only a few can manage substantial amounts of BTC. Coinbase is one of these companies due to several reasons:

    * Regulatory pressure — The current US government is not very crypto-friendly. The SEC actively targets various crypto firms. * Fewer crypto-friendly banks — The government has closed many crypto-friendly banks, reducing the number of available options. * Self-custody — While a good option, it carries risks such as private key management.

    $BTC Spot ETFs and ETPs

    There are 17 companies offering Bitcoin ETFs and ETPs that use Coinbase as their custodian. For example, the Fidelity fund holds its assets in self-custody. These companies collectively manage 806,619 BTC.

    Coinbase holds more than 10% of all Bitcoins in circulation.Research by Company X

    MicroStrategy and CEXes

    MicroStrategy, Tesla, and SpaceX entrust Coinbase with managing their Bitcoin. MicroStrategy holds 79,296 BTC, and together, these three companies hold 99,091 BTC. Exchanges such as Coinbase, Revolut, and Bitvavao manage 1,105,318 BTC.

    Thus, Coinbase serves as the custodian for a significant amount of Bitcoin for various major companies, making it a potential point of failure in case of a hack. This underscores the importance of selecting a reliable partner for cryptocurrency custody.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ripple's Legal Victory Over SEC Confirmed by Token Taxonomy

chest

Ripple's survey comes just as the SEC released a token taxonomy that confirmed XRP is a digital commodity, not a security.

user avatarEmily Carter

Private Crypto Holders Face Significant Losses Due to New Malware

chest

Private crypto holders faced significant losses due to a new iOS malware called Ghostblade, which targets sensitive data and personal information.

user avatarTomas Novak

Market Analysts Prepare for Potential Bitcoin Downturn

chest

Analyst Lennaert Snyder is preparing for a potential downturn in Bitcoin prices, having positioned himself short in anticipation of market movements.

user avatarKaterina Papadopoulou

Analyst Raises Concerns Over Bitcoin Price Weakness

chest

An analyst has raised concerns about the current weakness in Bitcoin's price, providing insights into potential risks.

user avatarMaya Lundqvist

New Editorial Policy Focuses on Accuracy and Impartiality

chest

A new editorial policy has been implemented that emphasizes accuracy, relevance, and impartiality in reporting.

user avatarLeo van der Veen

Google's Alphabet Stock Issues First Dividend of 2026

chest

Alphabet Inc. has paid its first dividend of 2026, providing passive income to investors.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.