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06/29 04:35

Coinbase Custodies 81% Of $140B In Crypto ETFs, Br

Coinbase Custodies 81% Of $140B In Crypto ETFs, Brian Armstrong Reveals
Coinbase dominates crypto ETF custody with 81% share, gains institutional trust as stock hits 4-year high.

Coinbase has taken a massive lead in crypto custody, as revealed by CEO Brian Armstrong in a new update. According to Armstrong, Coinbase now holds custody over 81% of the $140 billion worth of crypto assets stored in US-based ETFs. This is a major sign of trust from institutions and asset managers looking for secure storage solutions.
Coinbase Strengthens Institutional Grip as ETF Filings and Corporate Adoption Rise
Armstrong also shared that eight of the top ten publicly traded companies holding Bitcoin on their balance sheets use Coinbase Prime. Coinbase Prime is the company’s platform designed for institutions to securely buy, sell, and store large amounts of crypto. This widespread use highlights Coinbase’s strong reputation among major corporate clients.
In addition to these stats, Armstrong said Coinbase has been tracking more than 50 new ETF filings since the start of the year. This shows that interest in crypto ETFs is growing fast, and many new products could hit the market soon.
The increase in ETF filings is a sign that traditional finance is moving deeper into crypto, and this company stands at the center of this shift. The crypto platform has also benefited from this rising institutional interest in other ways.1751171588391.png

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