Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach

Crypto Insight Summary: Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches. Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Coinbase's strong custody controls may improve investor confidence, but the update does not materially alter the broader crypto market.