Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC

Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC

Coinbase is by far the biggest exchange hoarder of Bitcoin, with second place Binance having holdings totaling only around 250,000 coins. United States cryptocurrency exchange Coinbase will soon hold a million Bitcoins (BTC) in its cold wallets in a controversial first for the industry.According to data from news and information resource Longhash released on Jan. 23, Coinbase’s cold wallets contained around 970,000 BTC ($8 billion) as of Jan. 1.Coinbase weeks away from 1 million…

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