Coinbase, Gate cite substantial cold-storage holdings after Binance attack

Cointelegraph reports that Coinbase and Gate highlighted their cold-storage positions following an attack involving Binance. Coinbase said more than 99% of its customer assets are kept offline, while Gate reported that 88.26% of its total assets are maintained in cold storage. The disclosures are presented as a contrast in how much of an exchange’s holdings is kept away from online systems. The figures are not perfectly equivalent: Coinbase’s statement specifically refers to customer assets, whereas Gate’s percentage covers its total assets. The report does not provide a common methodology or broader asset totals for either exchange. The timing places the exchange disclosures in the context of the reported Binance attack, but the available coverage does not detail the incident, its scope, or the specific role of cold storage in the event. As a result, the percentages show how Coinbase and Gate characterize their storage practices without establishing how they compare directly with Binance’s position. Market conditions were broadly negative during the period covered by the data. Total crypto market capitalization stood at $2.61 trillion, Bitcoin declined 6.23% over 24 hours, and the Fear & Greed index registered 28, indicating fear. Gate’s GT token traded at $9.60, down 2.43% over 24 hours but up 2.79% over seven days, with a market capitalization of $1.01 billion. For users and market observers, the figures offer a partial view of custody exposure after the reported attack, while the differing denominators remain important when assessing the comparison. Continued attention to broader market conditions and any further disclosure about the incident may help establish the full significance of the exchange-storage figures.