Cryptocurrency Q&A
Does Coinbase hold a lot of Bitcoin (BTC)?
Does Coinbase hold a lot of Bitcoin (BTC)?
Raffaele
Sat Jul 06 2024
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7 answers
1740
I'm curious about the financial holdings of Coinbase, a prominent cryptocurrency exchange. Given the significant role they play in the crypto ecosystem, does Coinbase actually hold a considerable amount of Bitcoin (BTC) on their books? Their decision to hold or not hold BTC could have a significant impact on market sentiment and prices. So, does Coinbase maintain a substantial BTC reserve, and if so, what are the potential implications for investors and the broader crypto market?
7 answers
AmyDavis
Mon Jul 08 2024
The blockchain intelligence platform Arkham has revealed significant findings regarding the crypto exchange Coinbase.
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Giulia
Mon Jul 08 2024
In a recent analysis, Arkham identified that Coinbase holds almost 1 million Bitcoin (BTC) in its digital wallets.
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IncheonBeautyBloomingRadiance
Mon Jul 08 2024
This significant stash of coins equates to a staggering value of over $25 billion at the current market prices for BTC.
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TaegeukChampionCourage
Mon Jul 08 2024
Coinbase's holdings, according to Arkham's estimation, constitute nearly 5% of the total existing Bitcoin supply.
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Giuseppe
Sun Jul 07 2024
This revelation underscores the exchange's dominant position in the cryptocurrency market and its substantial influence on Bitcoin's price movements.
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