Coinbase Holds Massive $25 billion Worth of Bitcoins!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Arkham Intel, a blockchain intelligence platform, has revealed that Coinbase, one of the largest cryptocurrency exchanges in the US, holds a staggering $25 billion worth of Bitcoin reserves. The report highlights the significant role played by Coinbase in the Bitcoin market and the growing demand for cryptocurrencies among institutional investors. The news is likely to encourage greater confidence in cryptocurrency markets and could encourage further institutional investment in Bitcoin. As Bitcoin continues to gain mainstream recognition, the role of secure digital assets, such as those held by Coinbase, is becoming increasingly important.

Source: https://coinpedia.org/crypto-live-news/coinbase-holds-massive-25-billion-worth-of-bitcoins/