11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks

Sept. 12, 2024, 2:30 a.m. 3 months, 1 week ago

11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks. A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion. As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as …

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