Coinbase Made a Huge Crypto Transaction to the Cold Wallet
One of the most important crypto exchanges in the world and the largest one in the United States, Coinbase, is carrying out a plan aimed at securing its assets. The management of the exchange decided to transfer a significant share of its funds onto a cold wallet, where the money will be stored safely. To be exact, the amount of transferred assets is as follows:
  • Bitcoin (5%)
  • Ethereum (8%)
  • Litecoin (25%)
Our most critical responsibility is the security of the assets that our customers entrust to us. The gold standard of cryptocurrency asset security is offline, or “cold,” asset storage,” says the Coinbase blog post.
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