After the Binance Hack, Coinbase Reveals How It Protects $377 Billion in Crypto

Coinbase disclosed how it safeguards $377 billion in customer crypto following the $6.3 billion Binance hack, detailing its custody and security architecture in a new report. The disclosure positions Coinbase's controls against those of Binance, whose breach shook confidence in centralized exchange storage. The $377 billion figure underscores Coinbase's scale as one of the largest custodians of customer digital assets. The article notes the report also leaves some gaps in what Coinbase reveals about its protections. Investors will watch whether the transparency push pressures other major exchanges to publish comparable security details.