Coinbase, Exchanges

How Much Does Coinbase Have Under Custody?

As of December 2018, Coinbase had over $20 billion worth of digital assets in custody. This is an increase from the $11.7 billion they reported in September of 2018.

The majority of these assets are in Bitcoin, followed by Ethereum. Coinbase has been growing at an exponential rate, and this is reflected in their custody numbers.

Coinbase has been one of the most reliable and secure exchanges in the crypto space. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures.

The exchange is also insured against theft and hacking attempts.

NOTE: WARNING: Coinbase is a digital currency exchange and custodian that allows customers to store, buy, sell, and use cryptocurrencies. However, it is important to remember that Coinbase does not provide any guarantees about the amount of money held under their custody. As such, it is important to be aware of the risks associated with using Coinbase and to ensure that you have taken the necessary steps to protect your funds from potential theft or fraud.

Despite all of this, there have been a few high-profile hacks of Coinbase in the past. In July of 2017, around $30 million worth of Ethereum was stolen from Coinbase.

The exchange reimbursed all affected customers from their own funds. In June of 2018, another $40 million worth of Ethereum was stolen, this time from a different exchange called Binance.

Coinbase has proven to be a reliable and secure exchange, despite a few high-profile hacks. They have insurance against theft and hacking attempts, and have implemented multiple layers of security.

With over $20 billion in digital assets under custody, Coinbase is one of the largest exchanges in the world.

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