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Exchanges@coinbase on XFiled 8 h ago

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Coinbase said users rely on it for secure custody and that maintaining that standard is continuous operational work rather than a one-time milestone. The exchange cited 1:1 backing of customer assets, more than 99% of funds held in offline cold storage, audited financials, key splits and the absence of single points of failure. The disclosure comes as custody practices and reserve backing remain a central concern for institutional and retail clients following years of exchange failures. Coinbase is positioning its controls as a differentiator in the competitive crypto custody market. What to watch next is whether the company provides further detail on attestations and cold-storage ratios in upcoming disclosures.

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