Now they are off Coinbase’s balance sheet. They used to be on. The shift highlights a lingering issue: Who ultimately owns those digital assets? The off-balance-sheet treatment suggests the customers ...

Coinbase’s balance sheet shrank drastically after the cryptocurrency exchange removed customer-held digital assets and liabilities due to an accounting change. Assets fell from $291 billion to $ ...

Coinbase is heavily invested in legacy and emerging cryptocurrencies, meaning there is lots of room for its balance sheet to appreciate as blockchain technology assets rise in valuation.