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What is the average amount of digital assets people keep in Coinbase?

avatarAKHFA SHIDQIE MUTTAQIENDec 25, 2021 · 3 years ago3 answers

Can you provide some insights into the average amount of digital assets that people typically hold in their Coinbase accounts?

What is the average amount of digital assets people keep in Coinbase?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The average amount of digital assets that people keep in their Coinbase accounts can vary greatly. It depends on factors such as individual investment strategies, risk tolerance, and overall financial goals. Some users may hold only a small amount of assets, while others may have a significant portfolio. It's important to note that Coinbase offers a wide range of cryptocurrencies, so the average amount can differ based on the specific digital assets being held.
  • avatarDec 25, 2021 · 3 years ago
    Well, it's hard to pinpoint an exact average amount of digital assets held in Coinbase accounts. The cryptocurrency market is highly volatile, and people's investment preferences vary. Some users may prefer to hold a diverse portfolio with a mix of different cryptocurrencies, while others may focus on a few specific assets. Additionally, the amount of digital assets held can change over time as users buy or sell. So, it's best to consider the average amount as a constantly fluctuating figure.
  • avatarDec 25, 2021 · 3 years ago
    According to data from BYDFi, an average Coinbase user holds around $5,000 worth of digital assets in their account. This figure includes a mix of popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. However, it's important to remember that this is just an average, and individual holdings can vary significantly. Some users may have much higher balances, especially if they are actively trading or investing in lesser-known cryptocurrencies. Others may hold smaller amounts for personal use or as a long-term investment.