In the wake of the recent Binance security breach, major cryptocurrency exchanges have disclosed the proportions of customer assets they hold in cold storage. According to CoinTelegraph, Coinbase secures more than 99% of its customer assets offline, demonstrating a strong commitment to safeguarding user funds.
Gate, another prominent exchange, reported that 88.26% of its total assets are kept in cold storage, providing additional assurance to its users about asset protection. These disclosures come as part of a broader industry push to increase transparency and security following high-profile hacking events.
For Japanese investors, where regulatory scrutiny on crypto security continues to tighten, these developments highlight the importance of asset custody practices in maintaining trust within the market.