Quote from: Japinat on Today at 04:05:14 AM

Quote from: legiteum on September 27, 2024, 05:48:45 PM

Today, Coinbase is holding over $100 billion in Bitcoin.

You got source they are hodling his huge amount of bitcoin?

$134.5B :

https://river.com/learn/who-owns-the-most-bitcoin/

Quote from: FinneysTrueVision on Today at 04:38:39 AM

Quote from: legiteum on Today at 02:39:55 AM

Coinbase has something like $120B in Bitcoin keys. That's like having no coverage at all, basically

.

They might not be completely ruined but it would destroy their reputation and credibility. They still have a lot of altcoins and fiat, which could cover some of the losses but it would take a long time to fully restore customers’ balances.

I agree it's pretty unlikely, but... they would be completely ruined if they lost $120B in customer assets. There's no way they would ever be able to restore even a fraction of customer balances if that happened.