Coinbase Bitcoin and Ethereum Reserves Reach $112 Billion, 4-Year High

Coinbase Reserve Milestone

Coinbase Global Inc.'s reserve of BTC and ETH hits $112 billion, its highest in 4 years.
According to CryptoQuant, the last time reserves were at this level was November 2021, preceding a bear market.
This increase is seen as a potential indicator of a bullish market phase, with rising investor confidence.
Analysts note that increased reserves on exchanges like Coinbase often align with higher market liquidity and positive price trends.

Coinbase's Strategic Moves

Coinbase is now a core contributor to the Open Intents Framework (OIF).
This initiative aims to establish open standards for secure asset movement across blockchain networks.
The collaboration includes partners like Hyperlane, Across Protocol, and OpenZeppelin.