Coinbase has successfully completed a large-scale migration of its internal Bitcoin (BTC) and Ethereum (ETH) wallets, aiming to improve security and stability. This operation involved transferring approximately 300,000 BTC worth over $25 billion without disrupting customer access or trading activities. 300,000 BTC represent a significant portion of Coinbase’s custodial infrastructure. The move reflects an ongoing commitment to maintaining high security standards and providing reassurance to users during market volatility. The company confirmed that all movements are traceable on-chain and are part of standard security upgrades, with no impact on user wallets or trading functionality. 300,000 BTC transferred for this operation were tracked via Arkham Intelligence and did not trigger any noticeable market fluctuations. This migration marks a significant step in the industry’s ongoing pursuit of improved custodial infrastructure security, suggesting similar actions could become increasingly commonplace among crypto exchanges going forward.