What is the source of bitcoins for Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  Coinbase sources its supply of bitcoins from various channels. One of the main sources is from users who buy and sell bitcoins on the Coinbase platform. When users deposit bitcoins into their Coinbase wallets, these bitcoins become part of Coinbase's inventory. Additionally, Coinbase may also acquire bitcoins from other exchanges and market makers to ensure liquidity and meet customer demand. Overall, Coinbase obtains its supply of bitcoins through a combination of user transactions and external sources.
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• Dec 17, 2021 · 3 years ago
  Coinbase gets its bitcoins from users who trade on their platform. When users buy or sell bitcoins on Coinbase, the platform holds the bitcoins in their wallets. These bitcoins are then used to fulfill future buy orders or are sold on the market when users want to sell. Coinbase also partners with liquidity providers and other exchanges to ensure a steady supply of bitcoins. So, the source of bitcoins for Coinbase primarily comes from user transactions and partnerships with other market participants.
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• Dec 17, 2021 · 3 years ago
  As a leading cryptocurrency exchange, Coinbase has established partnerships with various liquidity providers and market makers. These partners help Coinbase maintain a constant supply of bitcoins. Additionally, Coinbase also allows users to deposit bitcoins into their wallets, which become part of Coinbase's inventory. This combination of user deposits and external partnerships ensures that Coinbase has a sufficient supply of bitcoins to meet customer demand. It's important for Coinbase to have a reliable source of bitcoins to facilitate smooth trading and provide liquidity to its users.
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