Several years ago, people found out about a new way of earning money - by mining bitcoins. For most of the population of planet Earth this cryptocurrency meant nothing, mostly because people had no clue how it can be used and what you can buy with it. But trading industry immediately understood its value, that’s why the cost of bitcoins was so high at the beginning.
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Coinbase Custody has recently revealed on social media that it holds a total of $1.3 billion in assets under custody (AUC), and that it expects the number to rise to $2 billion “soon,” presumably as institutional investors keep entering the space.