Cryptocurrency Q&A
When you sign in, you'll be prompted to withdraw all funds from your account. Coinbase can no longer provide you with currency conversion services.How much bitcoin is out of Coinbase's coffers?
When you sign in, you'll be prompted to withdraw all funds from your account. Coinbase can no longer provide you with currency conversion services.How much bitcoin is out of Coinbase's coffers?
KimonoGlory
Sat Jun 22 2024
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6 answers
1518
I've noticed in recent announcements from Coinbase that when a user signs in, they're being prompted to withdraw all funds from their accounts, indicating that Coinbase is no longer providing currency conversion services. Given this significant change, I'm curious to know: How much bitcoin, specifically, is currently held in Coinbase's coffers? Is this a substantial amount, or a minor fraction of their overall holdings? The transparency of this information could be crucial for investors and users alike to understand the current state of Coinbase's liquidity and financial health.
6 answers
Ilaria
Mon Jun 24 2024
This massive movement translates to a value of $924,253,200 million, as of February 21st.
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SamsungShineBrightness
Mon Jun 24 2024
Such a significant withdrawal leaves Coinbase with a reduced Bitcoin balance of 390,000 bitcoins.
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SamuraiCourage
Mon Jun 24 2024
This amount equates to roughly $20 billion in today's market valuation.
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GinsengBoostPowerBoostVitality
Mon Jun 24 2024
Coinbase, the leading cryptocurrency exchange in the United States, witnessed a significant shift in Bitcoin holdings this week.
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ShintoBlessed
Mon Jun 24 2024
On Monday, the company released figures indicating a substantial outflow of approximately 18,000 BTC.
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