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Coinbase has seen an outflow of 40,406 BTC worth $2.70 billion in the last two months

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2024-06-02 02:29:11
The data shows that on April 1, Coinbase Bitcoin holdings were close to 1 million at around 928,743 BTC, and according to Arkham's records, as of today, the total has dropped to 888,337 BTC. This means that Coinbase's holdings have significantly decreased by 40,406 BTC, which is worth $2.70 billion less.
During the same period, Binance's Bitcoin reserves increased slightly by 408 BTC, and despite the recent increase, Binance's Bitcoin assets ($45.68 billion on April 1) have fallen to $43.36 billion with 642,528 BTC holdings.
Robinhood outperformed Binance with a net inflow of 894 BTC, worth about $60.57 million. 60 days ago, Robinhood managed 138,568 BTC, and with the recent increase, its reserves have risen to 139,462 BTC.