Coinbase Holds $29 Billion in Crypto Assets, Reveals Arkham Intelligence
A crypto analytics firm called Arkham Intelligence has unveiled that Coinbase, the San Francisco-based cryptocurrency exchange, currently holds over $29 billion worth of digital assets. According to Arkham’s data, Coinbase’s bitcoin reserves alone amount to 948,383 BTC, valued at $25.16 billion. Additionally, Coinbase possesses significant amounts of ethereum, chainlink, USDC, BNB, GRT, and UNI tokens. However, despite these impressive figures, Binance still surpasses Coinbase with a staggering $64.83 billion in crypto holdings.
Binance vs. Coinbase: A Comparison of Crypto Reserves
In terms of bitcoin reserves, Binance holds 658,256 BTC valued at $17.50 billion. Nevertheless, Binance dominates in terms of tether (USDT) holdings with a substantial 21.18 billion USDT. Regarding ethereum reserves, Binance maintains 4.086 million ETH valued at $6.52 billion.
Arkham Intelligence’s Recent Findings
Arkham Intelligence has been actively identifying and reporting on the crypto assets held by major players in the industry such as Grayscale and Robinhood.
Hot Take: Coinbase Ranks High Among Crypto Giants
With over $29 billion worth of digital assets under its belt, Coinbase solidifies its position as one of the leading players in the cryptocurrency market. The company’s significant bitcoin reserves and diverse portfolio of other cryptocurrencies demonstrate its influence and success in the industry. However, Binance remains the top contender with an impressive $64.83 billion in crypto holdings.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.