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The new report by COINBASE shows that it now has more than $90 billion in assets on their platform with 43 million registered users. The report was published Friday through their platform as a review of year 2020. The company saw wooping growth in 2020 as Bitcoin broke all previous records.
It is believed that coinbase asset surge is driven because of the use of the platform by big investment company to buy and hold the Bitcoin. The large name includes Microstrategy, Ruffer Investment etc. The report further states that coinbase controls more than 50% of the total assets.
Source: coindesk
