Questions about the safety of funds held on centralized exchanges have resurfaced following one of the crypto industry’s most alarming security incidents. As investors reassess the risks of keeping their holdings on trading platforms, Coinbase, America’s largest cryptocurrency exchange, is moving to reassure customers that its security measures make it harder for a similar breach to occur on its platform. The platform is highlighting a key part of its protection strategy, disclosing that more than 99% of customer assets are kept in cold storage, with only a small fraction exposed to online systems. The disclosure offers a glimpse into how Coinbase approaches asset protection amid heightened scrutiny of exchange security. How Coinbase Protects Customer Assets With Multiple Security Layers Coinbase says its approach to safeguarding customer funds goes beyond simply keeping most holdings offline. The exchange maintains that over 99% of customer assets are stored in cold wallets, while distributed private keys, withdrawal restrictions, and systems designed to detect unusual activity provide additional layers of protection against unauthorized transactions. In a blog post published Wednesday, Coinbase also clarified that it was not impacted by the Binance security incident. The exchange emphasized that customer holdings are maintained on a 1:1 basis and remain the property of their owners. It added that these assets are neither lent out nor used without customer authorization. Beyond its cold-storage strategy, Coinbase outlines several additional security measures designed to give customers greater control over their accounts. According to its security page, the exchange supports two-factor authentication and hardware security keys, while its Coinbase Vault feature adds another layer of protection by allowing users to require multiple approvals before withdrawals can be completed. Coinbase stressed that security remains an ongoing priority as emerging technologies reshape the threat landscape. The exchange said its responsibility is to keep “improving safeguards” and “continuously monitor for threats” to protect customers. It also pointed to the rapid advancement of AI, noting that it is changing the security environment and making continued investment in “best-in-class security innovation” increasingly important. Coinbase also maintains a separation between customer holdings and its own corporate assets, reinforcing the distinction between funds belonging to users and those controlled by the company. In its latest quarterly filing, the exchange disclosed that its platform held approximately $377 billion in assets. By comparison, Coinbase reported $8.6 billion in corporate cash and another $2.2 billion in crypto assets held on its own balance sheet. Coinbase’s statement comes days after the October 29 Binance heist , which saw approximately $6.34 billion in cryptocurrency stolen from the exchange’s internet-connected hot wallets. In an update posted Wednesday, Binance announced that it had replenished 98% of the affected assets using its own funds. The exchange also expanded its proof-of-reserves coverage to include 44 cryptocurrencies, highlighting its efforts to reassure customers about the security and backing of their holdings. In a separate incident, Brazilian cryptocurrency exchange Mercado Bitcoin also suspended withdrawals following a reported $45 million hack , adding to growing concerns about the security of centralized trading platforms.

XRP recovered slightly by Tuesday’s close after falling the day before, trading near $1.31 as traders assessed fresh signs of whale accumulation amid lingering selling pressure. In a Tuesday post on X, Santiment reported that wallets holding at least 10 million XRP now control 46.87 billion tokens, about 68.5% of the cryptocurrency’s supply. That marks the largest share this group has held since November 2022. “ The key signal is that these massive holders have kept increasing exposure even while XRP struggles near $1.29,” Santiment wrote , suggesting that large investors remain willing to accumulate despite the token’s weakness. The figures mark a shift from an earlier warning by analyst Ali Martinez, who cited a decline in wallets holding between 10 million and 100 million XRP, from 351 to 339 since November 2022. He also noted that exchange balances rose from 11.003 billion to about 11.05 billion XRP, which could partly explain the ongoing price stagnation. Martinez warned that continued selling by large holders could send XRP toward $0.98. However, Santiment’s latest figures suggest that accumulation among the largest wallets may be strengthening even as the price struggles. “Large stakeholders accumulating through weakness suggests conviction remains strong beneath the price action,” Santiment stated. The analytics platform identified $1.30 as the immediate pivot, with $1.90 as a stronger level to confirm a potential recovery. Meanwhile, CryptoQuant analyst Darkfost reported a sharp drop in XRP derivatives exposure, potentially easing some of the pressure from leveraged positions. According to him, Binance open interest fell to $445 million, below its 180-day average of approximately $460 million. Since September 22, the metric has declined nearly 28%, while XRP’s price has dropped 17% over the same period. He attributed the decline partly to falling prices, which reduce the value of outstanding positions, and to liquidations triggered during the sell-off. “ This deleveraging dynamic is a rather positive signal as it suggests that pressure on XRP futures is gradually easing,” the analyst said . Moreover, Darkfost cited previous episodes in which falling open interest preceded substantial XRP rallies, suggesting a similar scenario could unfold. “ We saw this in mid-September, when XRP gained 32% in the following period, and after the mid-August episode, which was followed by a 72% rally.” He added. Martinez also identified a potential technical catalyst for a rebound. The analyst said the TD Sequential indicator had flashed a buy signal on XRP’s three-day chart, noting that the previous three comparable signals preceded rebounds of 31%, 24% and 18%. However, the setup depends on XRP holding its support level. “Hold it, and XRP could rebound toward $1.40. Lose it while whales continue taking profits, and $0.98 could be next,” Martinez said. Elsewhere, analyst Joep Gerla highlighted XRP’s prolonged consolidation as a possible precursor to a larger advance. He compared the current price structure with previous consolidation periods that preceded rallies of 63,617% in 2017–2018, 1,687% in 2020–2021 and 901% in 2024–2025. “XRP has been in prolonged consolidation, a structure that has preceded major expansion phases in previous cycles,” Gerla wrote. “ The edge goes to those who stay patient before the breakout.” At press time, XRP was trading at $1.31, up 2.13% in the past 24 hours.

But now the real question is, can Uniswap maintain this rhythm as we step into the month of November?

Cash Cat could see a free run towards $0.122, where it may face resistance from sell clusters.