Coinbase has completed one of its largest internal wallet migrations to date, successfully moving its Bitcoin and Ethereum holdings as part of a scheduled upgrade to reinforce custodial security.
The operation involved roughly 300,000 BTC — over $25 billion in assets — yet the entire process was executed without affecting deposits, withdrawals, or trading activity for customers. This seamless transition reinforces Coinbase’s reputation for reliability, even during periods of heightened market volatility.
In its official communication, the exchange emphasized that the migration was routine, fully traceable on-chain, and conducted solely to maintain industry-leading security standards. Data from Arkham Intelligence confirmed significant outflows from legacy custodian addresses, marking the completion of a major infrastructure rotation.
Despite the scale of activity, the broader market remained stable, mirroring historical patterns where similar upgrades—such as those previously conducted by Binance—had no pricing impact. Coinbase’s proactive approach highlights why regular custodial upgrades are becoming essential as digital asset adoption accelerates across global markets.
