The most stressful jobs in the world are often those that involve air traffic control.
Manage private key security for Coinbase could be the best job in town.
It is a big company. Influential. Influential.
Coinbase has a strong position in the cryptocurrency space, as can be seen by how much crypto it stores.
Coinbase users had $272.7 Billion in Crypto at the end September. They also held $4 Billion in Cash.
That’s nearly $3.5 billion more crypto than at the end of June — probably in part boosted by rising asset prices — and $200 million less cash than the prior period.
Arkham Intelligence’s data shows that Grayscale invested heavily in Coinbase Custody back in 2019. Grayscale made a big bet on Coinbase Custody in 2019.
Other ETFs such as BlackRock Bitwise, Ark/21Shares and Ark/21Shares are also entrusted with $31.7 billion.
Coinbase’s Q3 final total: $331 Billion, which is 15% of the crypto market cap.
And if you want to go even deeper: Chainalysis recently estimated that about 1.8 million BTC could be lost forever — or 9.1% of the circulating supply.
If you subtract that amount from the crypto market cap along with the lost 1.1 Million Satoshi Coins, Coinbase is technically sitting on more than 17% of cryptocurrency’s remaining value.
Coinbase understands its significance. Coinbase may be one of the best-named fintech companies ever, if things continue to go as they are.
The base of all coins.
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