Coinbase Lists Five Measures to Protect Customer Assets, Including Holding Over 99% of Funds in Offline Cold Storage

November 5: Coinbase Institutional posted on X that the Binance hot wallet incident has prompted customers to focus on how Coinbase protects customer assets. Coinbase listed five key measures: over 99% of customer assets are held in cold storage; multi-layered protection including distributed key protection, rate limits, anomaly detection and an emergency stop switch verifies that fund movements match their intended purpose; all customer assets are held 1:1 and will not be lent out or used without customer instruction; Coinbase's U.S. custodian is subject to New York State fiduciary duties, while its European business is MiCA-authorized and regulated by Luxembourg's CSSF; and it continues to invest in security innovation to address the changing security landscape brought by AI.