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Coinbase reveals new milestone as USDC holdings reach average $22 billion in Q3

Coinbase reveals new milestone as USDC holdings reach average $22 billion in Q3
Coinbase hits record USDC holdings

Coinbase reported that it held an average of $22 billion in USDC stablecoins on its platform during the third quarter.

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Coinbase announced that it held an average of $22 billion worth of the USDC stablecoin on its platform during the third quarter. This represents the highest amount of USDC held in Coinbase products to date, according to the company's statement. No additional details about the circumstances or reasons for the increase were provided in the announcement.

Coinbase is a cryptocurrency exchange that supports trading in a wide selection of digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and others. The platform offers both a web interface and mobile applications for iOS and Android, and provides users access to a range of analysis tools and unique training guides, as well as solutions tailored for individuals, businesses, and developers. For more details, see the broker profile on Traders Union.

For more context, see our earlier news about Coinbase, where we covered the live Q3 earnings AMA announcement and discussed the stock’s bearish technical outlook. Read the previous Coinbase update on Traders Union here.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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