Data shows that institutions on Coinbase Global Inc (NASDAQ: COIN) increased their Bitcoin (CRYPTO: BTC) holdings significantly since the last quarter of 2020.
What Happened: According to an analysis by crypto data firm CryptoQuant, institutions currently hold 1.4 million BTC on Coinbase — a 296% increase in 15 months.
JUST-IN: #Bitcoin under @Coinbase Custody for institutional clients increased by 296% since Q4’20. pic.twitter.com/iILge2Cane
— CryptoQuant.com (@cryptoquant_com) May 30, 2022
See Also: HOW DOES COINBASE MAKE …
Full story available on Benzinga.com