According to data from glassnode, Coinbase, as an entity, holds a large amount of exchange balances and US spot Ethereum balances through its custody services. Currently, Coinbase Exchange and Coinbase Custody entity hold approximately 270,000 and 569,000 bitcoins respectively.
Coinbase Exchange Holds Approximately 270000 Bitcoins
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Coinbase Exchange Holds Approximately 270000 Bitcoins