Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) says that 99% of its customers’ digital assets are safe in cold storage.
The exchange added that it uses distributed private keys, withdrawal limits, and constant surveillance and anomaly detection to protect funds from hacks and unauthorized transfers.
The comments, made in a blog post, come as Coinbase seeks to reassure investors after a record $6.3 billion U.S. theft at rival crypto exchange Binance.
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Coinbase added that its customer assets are held 1:1, remain each customer’s individual property, and are not lent out or used in anyway without express customer authorization.
On Oct. 29, Binance,…






