Quote from: Hatchy on Today at 11:56:41 AM

Exchanges usually handles a lot of transactions on a daily bases, so it's obvious that they use automated systems to manage their hot and and cold wallets. I think it would be difficult performing such task manually given the number of users that on their platforms.

Agree with the first part that says exchanges handle a lot of transactions and a daily basis but the fact is they don't use automated system for their cold storages this is because automated systems require internet connection most of the time to run and if internet connection is involved it's no longer cold storage. In my opinion I believe that most of them make use of multisignature wallet for larger amount of funds.

This will reduce the chances of losing funds if a single key is lost or compromised by hackers. Most times exchanges don't even need to use their cold storage since people swap across different currencies every single day depending on how big the exchange is. In the end most of the time the currencies cancel out each other.