Coinbase Holds 4% of Circulating Bitcoin, Custody Partner for US Spot Bitcoin ETFs

Coinbase’s significant hold over Bitcoin (BTC) in circulation stands at approximately 4%, based on Glassnode’s blockchain analytics data. As one of the major crypto exchanges in the US, it currently manages around 839,000 BTC, reflecting its influence in the crypto market. “Coinbase’s role is notable with a substantial share in both aggregate exchange balances and

Source: CoinOtag