Crypto data aggregator Messari has reported that the amount of crypto assets stored in custody on United States exchange giant Coinbase surged in the last quarter of 2020.

Messari Crypto has revealed that as much every bit 11% of the unabridged crypto market place capitalization was held with Coinbase custody at the end of 2020. Coinbase offers custody services for over ninety crypto assets, roughly half of which are tradable on Coinbase'due south exchange.

The value of assets custodied with Coinbase spiked to roughly $90 billion in the fourth quarter of 2020 every bit the combined crypto capitalization more than than doubled to tag $780 billion by 2021.

Despite the wide variety of assets supported by Coinbase Custody, Messari found that Bitcoin (BTC) and Ether (ETH) account for 83% of the cryptocurrency held with Coinbase.

While Bitcoin consistently represented lxx% of the assets custodied with Coinbase during 2019 and 2020, Ether increased from 9% to thirteen% over the same period.

The findings were published in a report examining Coinbase'south anticipated public listing that was compiled by Messari researcher Mira Christanto.

Christanto reported that 95% of Coinbase trading revenues are from retail clients, which pay 30 times more than institutional customers. She likewise noted a pre-IPO valuation at 7% of the full crypto market cap, which would equate to effectually $107 billion, according to the sector's current market cap of $1.54 trillion.

According to the South-1 report Coinbase submitted to the Securities and Substitution Commission last Thursday, the exchange posted a direct acquirement of $1.1 billion in 2020, generally from trading fees.

In a Thursday blog postal service to its clients, Coinbase revealed that Bitcoin and other crypto avails have comprised a major share of its corporate treasury since the company'south founding back in 2012.