Coinbase Holding Roughly $55,057,697,000 in Bitcoin (BTC), According to Glassnode

Coinbase is currently holding around 4% of the Bitcoin (BTC) in circulation, according to the blockchain analytics platform Glassnode. Per Glassnode, the top US crypto exchange has approximately 839,000 BTC in its custody. “Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US spot exchange-traded funds (ETF) balances […] source: https://dailyhodl.com/2024/06/19/coinbase-holding-roughly-55057697000-in-bitcoin-btc-according-to-glassnode/