Crypto data aggregator Masari reports that the amount of crypto assets held in custody on the US exchange giant Coinbase increased in the last quarter of 2020.
Mesari Crypto has revealed that at the end of last year, about 11% of the entire crypto market capitalization was in Sinbase custody. Synbase provides custody services for more than 90 crypto assets, about half of which are traded on the Coinbase exchange.
Combined cryptocurrency capitalization doubled from 80 80,780 billion by 2021 to ચો 90 billion in the fourth quarter of 2020.
Coinbase exercises 11% of all crypto assets https://t.co/THPjyeqIto pic.twitter.com/5YHu6tNjyP
– Mesari (@ MesariCrypto) March 1, 2021
Despite the variety of assets supported by Coinbase Custody, Masari discovered that Bitcoin and Etherium are ptoc% cryptocurrencies held in Coinbase.
While Bitcoin consistently represents 70% of the assets custodized with Coinbase during 2019 and 2020, Etherium has grown from 9% to 13% over the same period.
The findings were published in a report examining Synbase’s expected public list, compiled by Meseri researcher Mira Cristanto.
Cristanto reports that 95% of Coinbase Trading’s revenue comes from retail customers, who pay 30 times more than institutional customers. She also noted a pre-IPO valuation of %% of the total crypto market cap, which would be $ 107 billion, according to the region’s current market cap of $ 144 trillion.
According to the S-1 report submitted to the Securities and Exchange Commission on February 25, the exchange’s direct revenue in 2020 was 1 1.1 billion, mostly from trading fees.
In a February 25 blog post for its customers, Coinbase revealed that Bitcoin and other crypto assets have been a major part of the company’s corporate treasury since its inception in 2012.
