Recent data from Timechain Index reveals that Coinbase, a leading cryptocurrency exchange, now holds 3,002,996 Bitcoin in custody, valued at approximately $347 billion. This marks a significant increase from the 2,919,643 BTC reported 57 days prior, reflecting a net addition of 83,353 BTC since July 26. The surge underscores Coinbase’s dominant role in institutional and retail Bitcoin custody, reinforcing its position as a key player in the digital asset ecosystem. The growth aligns with broader market trends, including heightened institutional adoption and the sustained performance of Bitcoin as a store of value. Analysts suggest that such substantial holdings not only highlight Coinbase’s operational scale but also reflect growing confidence in regulated custodial services amid evolving regulatory landscapes. The exchange’s expanding Bitcoin reserves are closely monitored as an indicator of market liquidity and institutional engagement.
