Coinbase Current Global Crypto Custody at 11%

Coinbase Current Global Crypto Custody at 11%

Messari, a crypto analytic platform, recently revealed that Coinbase, San Francisco-based digital currency exchange, accounts for nearly 11% of global crypto assets in the world in 2020.  The company has seen a growth spike in interest from retail and institutional clients in recent years, but it was in 2020, amid the COVID epidemic, that it saw its biggest growth spurt.

The Messari report disclosed that the total value of Coinbase-held cryptos reached $90 billion in Q4 2020. The crypto exchange currently offers to its clientele custody services of some 90 cryptocurrencies.

Bitcoin and Ethereum are still dominant, as both of these assets account for around 83 percent of the total digital assets held by Coinbase. In 2020 BTC accounted for 70% of the Coinbase custody.

Furthermore, Coinbase released its plans for public listing. The exchange also hired the following companies in order to aid with the process of listing: Goldman Sachs, JP Morgan Securities, and Citigroup.

Since the start of 2021. the digital coins marker is up an outstanding 110 percent. The current market cap has spiked over to approximately $1.75 trillion in just 8 weeks, from $$750 billion. The world’s largest and most popular crypto asset, Bitcoin, is currently trading at around $40 000, its total market cap is around $900 billion. Ethereum, the second-largest digital currency, is currently priced at $1550, with a total market cap of $180 billion.

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