Coinbase cryptocurrency exchange stores about 966,230 BTC in cold wallets of its custodian service, whose capitalization is about $ 7.1 billion. The company does not have direct access to these funds.
The second place in terms of funds in the cold storage is held by the BitMEX exchange with 265,140 BTC ($ 1.94 billion). This is followed by the Bitstamp platform - 229,490 BTC ($ 1.67 billion), Bitfinex - 146,120 BTC, Kraken - 136,780 BTC, Bittrex - 131,340 BTC and Coincheck - 35,090 BTC.
Note that Coinbase cryptocurrency deposits are insured by the Federal Deposit Insurance Corporation. However, any centralized management puts users ’assets at risk, experts recall.