Coinbase slips to third in Bitcoin reserves following massive outflows – CoinGlass

2024-3-5 13:55

Quick Take

Substantial outflows of Bitcoin from exchanges have been a hallmark trend on Coinbase since March 2020. Notably, Coinbase, once the leading Bitcoin holder of exchanges, has experienced a significant decrease in its Bitcoin reserves. In the wake of colossal outflows on Feb. 19 and March 1, each equalling roughly $1 billion, Coinbase is set to become the third-largest Bitcoin holding exchange, according to Glassnode.

Coinbase, Binance, Bitfinex Exchange Balance: (Source: Glassnode)

Providing a snapshot of this change, Glassnode data indicates a reduction of approximately 633,000 Bitcoin since March 2020. While Coinbase previously held just over a million Bitcoin, it now reportedly maintains a reserve of around 385,000 BTC.

Bitcoin Exchange Balance: (Source: Coinglass)

CoinGlass reports Coinbase’s Bitcoin holdings at approximately 373,000, ranking it third. CoinGlass notes Bitfinex as holding the second-largest amount, around 395,000 BTC. Binance leads in Bitcoin holdings, with a discrepancy in reports between Glassnode and CoinGlass, indicating a range between 640,000 and 540,000 BTC, amounting to a difference of about 100,000 BTC.

Disclaimer:

Coinbase offers three distinct services: Coinbase, Coinbase Custody, and Coinbase Prime. This insight focuses solely on the Coinbase exchange, tailored for individual retail investors.

In addition, tracking all wallets associated with exchanges poses significant challenges, leading to discrepancies from data providers. However, CryptoSlate focuses on monitoring long-term trends over extended periods to ensure accuracy.

The post Coinbase slips to third in Bitcoin reserves following massive outflows – CoinGlass appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61472.97 (+0.41%)
Объем 24H $25.511b
Изменеия 24h: -1.79 %, 7d: 6.65 %
Cегодня L: $60884.44 - H: $61650.41
Капитализация $1210.754b Rank 1
Цена в час новости $ 64644.26 (-4.91%)

bitcoin coinbase exchanges outflows reserves march notably

Источник: cryptoslate.com

bitcoin coinbase → Результатов: 126


Coinbase decides on Bitcoin Lightning Network integration, promising faster transactions

Coinbase CEO Brian Armstrong said the exchange has decided to integrate the Bitcoin (BTC)  Lightning Network (LN) after several months of questioning by the crypto community. In a Sept. 13 post on X (formerly Twitter), Armstrong stated that the exchange was willing to do its part in enabling faster and cheaper Bitcoin transactions because the […] The post Coinbase decides on Bitcoin Lightning Network integration, promising faster transactions appeared first on CryptoSlate.

2023-9-13 14:01


Фото:

Coinbase processed Tesla’s Bitcoin purchase, more Fortune 500 companies rumored to be under its belt

Leading Cryptocurrency Exchange Coinbase has been credited with the facilitation of Tesla’s $1. 5 billion Bitcoin purchase, which has since set a new standard for newcomers, while also singlehandedly driving Bitcoin’s price upward, and adding to the bullish market sentiment shared by members of the Bitcoin community.

2021-2-18 14:26


Coinbase to Sponsor Bitcoin Developers to Help the Grow & Maintain the BTC Protocol

“Excited to be supporting more Bitcoin protocol development. This is a great start, but hopefully, we can expand this program over time,” said Coinbase CEO Brian Armstrong as the exchange announced that it is sponsoring Bitcoin developers who contribute directly to the Bitcoin Core codebase or closely associated Bitcoin projects.

2020-10-16 20:58


Фото:

60% of Coinbase’s Customers Buy Bitcoin First Before Moving into Altcoins

Investors who purchase their first digital asset on Coinbase buy Bitcoin, but a majority then move on to purchase other cryptocurrencies, a report by the US-based crypto exchange shows Bitcoin provides a gateway to the altcoin market for a majority of investors who buy Bitcoin as their first digital asset, Coinbase has revealed in a […] The post 60% of Coinbase’s Customers Buy Bitcoin First Before Moving into Altcoins appeared first on Coinjournal.

2020-5-15 12:47


Фото:

Coinbase предстанет перед судом из-за халатности при запуске торгов Bitcoin Cash в 2017 году

Судья окружного суда в Сан-Франциско Винс Чхабрия сообщил о начале производства в отношении криптовалютной биржи Coinbase, которая «проявила халатность и некомпетентность» в процессе запуска торгов с монетой Bitcoin Cash.

2019-8-8 20:44


Bitcoin [BTC] shines as digital gold and Ethereum [ETH] may work as DeFi platform, says former Coinbase CTO

Balaji S. Srinivasan, former CTO of Coinbase, spoke about the bet that was placed between Jimmy Song, a well-known Bitcoin proponent and Joseph Lubin, Co-founder of Ethereum. In a short Twitter thread, the Co-founder of Earn stated that Bitcoin “shined as a digital gold,” instead of a payment rail, and that Etheruem “may work” as […] The post Bitcoin [BTC] shines as digital gold and Ethereum [ETH] may work as DeFi platform, says former Coinbase CTO appeared first on AMBCrypto.

2019-5-15 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Grayscale backs off from its Ethereum futures ETF application

Crypto asset manager Grayscale has withdrawn its bid for an Ethereum futures exchange-traded fund after facing multiple delays from the Securities and Exchange Commission. The post Grayscale backs off from its Ethereum futures ETF application appeared first on Crypto Briefing.

Ethereum devs propose new transaction type with EIP-7702

Ethereum's Vitalik Buterin has drafted EIP-7702, outlining a transaction type to temporarily upgrade Externally Owned Accounts with smart contract capabilities during execution. The post Ethereum devs propose new transaction type with EIP-7702 appeared first on Crypto Briefing.

ETH liquidations surpass Bitcoin’s following fall below $3,200

Ethereum (ETH) liquidations surpass Bitcoin’s (BTC) for the second time over the past seven days. According to data provided by Coinglass, global crypto liquidations reached $195.11 million in the past 24 hours. ETH is currently sitting on top with a…

Ethereum Name Service challenges Unstoppable Domains’ patent

Ethereum Name Service has petitioned to challenge a patent by Unstoppable Domains, claiming the rival blockchain naming firm infringed on ENS's open-source tech. The post Ethereum Name Service challenges Unstoppable Domains’ patent appeared first on Crypto Briefing.

EigenLayer reveals it will airdrop Eigen tokens to stakers

In addition to releasing its whitepaper today describing the structure of the Eigen token, EigenLayer has revealed that the distribution of the native token, set to be launched in May, will include an airdrop for those staking on the platform.