The well known exchange and cryptocurrency wallet company, Coinbase, reported that it recently mobilized digital assets within its platform.
This action was called as the “greatest migration of these assets registered so far,” as indicated by the information published on his official blog.
One of the main reasons for this migration is the security for the consumer and its digital assets that must be protected from the startup.
The blog explained that 5% is represented by bitcoin, 8% by ethereum and 25% by litecoin; the rest of the converted assets are valued at five billion dollars.
“Last week, we successfully completed a block migration of approximately $ 5 billion in cryptocurrency blocks from Generation Three to Generation Four of our cold storage infrastructure. For us, this is the largest cryptocurrency movement ever made”, detailed the publication of the blog.
Most of Coinbase’s assets, 98% to be precise, are managed within its cold storage system.
K. Tovar
Source: Coincrispy
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