Coinbase: 99% of customer assets in cold storage, unaffected by Binance hack

Coinbase's statement is as much about positioning as security: by flagging its cold-storage share right after a rival's breach, it draws a custody contrast without detailing the arrangements behind the claim. The distinction matters most for depositors weighing where to hold assets, and for how exchanges are judged on disclosure after an industry-wide incident. The open question is whether such custody assurances become a standard disclosure or remain a reactive talking point.