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.
Coinbase, one of the world’s largest cryptocurrency exchanges, has experienced a net outflow of over $1.616 billion in multi-chain assets, excluding Bitcoin, in the past week. The majority of the outflow came from Coinbase Custody, leading to speculation that the company may be conducting internal wallet transfers. This means that institutional clients are shifting their assets to other platforms or converting them to Bitcoin due to the recent surge in its price. Despite experiencing intermittent outages and slowdowns, Coinbase remains a popular choice for cryptocurrency investors and traders.
