[Blockchain Today Reporter Seung-won Jeong] The cryptocurrency exchange Coinbase has set a new record, with its assets in the platform reaching $90 billion.
As the price of bitcoin surged at the end of 2020, the coinbase transaction volume also surged. There seems to have been significant capital inflows in recent months.
The company revealed that Coinbase currently has over 43 million registered users. According to the Internet Archive, Coinbase said it had $25 billion in assets until last week. The point at which the figures were based has not been disclosed.
The ’90 billion dollar’ figure released by Coinbase this time is as of December 31, last year.
Coinbase Brian Foster said, “This report from Coinbase aims to cover cryptocurrencies comprehensively. We can see through the report how actively participating in the blockchain field of Coinbase is and why.”
The reason for the sharp rise in the transaction volume of Coinbase is the participation of MicroStrategy and Ruffer Investement. These institutions are known to have traded bitcoins through Coinbase in recent months.
Coinbase said that the assets managed by the company account for more than 50 percent of the $90 billion, adding that “for some institutions, the amount of single transactions exceeded $1 billion.”
Coinbase is about to go public, and an update is expected to be announced at the same time. It is known that Goldman Sachs is participating in the listing of Coinbase.