Coinbase Bitcoin custody has crossed 3 million BTC, according to the source, placing the exchange over 12% of the global supply. The milestone underscores rising institutional demand and Coinbase’s expanding role in Bitcoin storage.
Institutions drive Coinbase volumes
Institutional clients now account for 83% of Coinbase’s trading volume, per the figures provided. This shift suggests that professional investors increasingly rely on the platform for execution and custody. As a result, Coinbase’s market position appears more entrenched.
The exchange’s custody scale remains notable. Holding over 3 million BTC signals deep liquidity access and security expectations from clients. However, it also concentrates risk within a few major custodians.
UK firm chooses Coinbase Prime
The Smarter Web Company, described as the largest publicly listed Bitcoin-holding firm in the UK, has partnered with Coinbase Institutional. The company is enhancing its Bitcoin custody via Coinbase Prime, according to the announcement. Therefore, Coinbase continues to win mandates from public companies seeking compliant infrastructure.
Key custody considerations often include segregation of assets, auditability, and governance. Coinbase Prime markets tools for policy controls and settlement workflows, which may appeal to institutions. However, custody choices can vary by jurisdiction and risk appetite.
Context and resources
For context on Bitcoin’s supply dynamics and market share, readers can review circulating supply data on CoinMarketCap. For a primer on how token pegs and reserves affect liquidity, see our explainer on how stablecoins work.
