Coinbase says 99% of customer assets are in cold storage after Binance’s $6.3 billion breach

Coinbase said 99% of customer assets are held in cold storage and that it was not affected by the $6.3 billion breach at Binance. The disclosure comes as the industry reckons with one of the largest exchange security failures on record. Traders will weigh whether the incident pushes users toward self-custody or safer venues, and whether it deepens regulatory pressure on centralized exchanges.