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.

We remind you:

Coinbase Now Has a Crypto-to-Crypto Trading Option for Commerce Customers

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