Coinbase Dominates The Market
Coinbase is recognized for being one of the crypto exchanges with a very user-friendly interface and large liquidity.

This time, the exchange shows it holds 4.6% of the total Bitcoin supply that could ever be mined.

The funds the company holds in its cryptocurrency cold wallet are the reserves that the exchange has in case users want to withdraw their funds.

It is worth mentioning that not all this amount of money is owned by Coinbase. These funds are the ones that the exchange holds on behalf of the users that are trading on the platform.

Coinbase provides custody to users. Individuals are not able to hold their private keys while using the Coinbase platform.

The funds Coinbase is currently handling are equal to $7.91 billion.

The data provided by BitUniverse shows that Coinbase is ahead of other competitors. Indeed, the next top 5 exchanges would have to combine all their funds if they want to hold more BTC than Coinbase.

BitMex is the second exchange with the largest number of BTC held. They have 265,140 BTC, worth $1.97 billion.

Other exchanges include Bitstamp with 229,490 BTC, Bitfinex with 146,120 BTC and Kraken with 136,780 BTC. These funds are valued at $1.71 billion, $1.54 billion and $1.4 billion.

Several exchanges have been accused of having fake volumes. This allows companies to attract a larger number of users considering many would prefer to trade in a platform with large liquidity.

Despite having the largest funds held in cold storage, Coinbase didn’t register the largest trading volume in 24 hours.

BitMex handled $2.49 billion on the first day of December, followed by Coinbase with $118.65 million and Kraken with $86.37 million.

BitMex provides users with the possibility to trade with leverage up to 100x. Coinbase is known as the user-friendly exchange, while the other platforms have different features and solutions to distinguish themselves from competitors.

Exchanges must be very careful with how they handle their funds considering hackers could be targetting these platforms and try stealing some funds.

Coinbase is also known for having very secure security solutions that were never publicly vulnerated by an attacker. Other platforms were hacked in the past and many of them had to stop operating.

 Read more at: https://coinspace.com/news/exchanges/coinbase-holds-over-966-million-bitcoin-its-cold-wallets