Add as a preferred source on GoogleBitcoin Transfer to Coinbase Leads $214.4 Million in Exchange Inflows
Three other transfers went to Coinbase, Bitfinex and CryptoCom. No exchange-to-wallet outflows were recorded during the same window.
Four cryptocurrency transfers worth a combined $214.4 million landed at exchanges in a three-hour window ending Oct. 22, with a 1,000 Bitcoin (BTC) deposit to Coinbase accounting for the largest move.
At 10:10 a.m. ET, an unknown wallet sent 1,000 BTC, valued at $81.7 million, to Coinbase. Three other transfers were 663 BTC worth $54.3 million to Bitfinex at 8:35 a.m. ET; 623 BTC worth $50.9 million to Coinbase at 9:24 a.m. ET; and 479,666,880 Cronos (CRO) worth $27.4 million to CryptoCom at 9:54 a.m. ET.
Coinbase received two of the four transfers. Bitfinex and CryptoCom received one each. Three transfers involved BTC, and one involved CRO.
All four recorded moves went from unknown wallets to exchanges. The figures showed $0 in transfers from exchanges to unknown wallets during the same period. They identify where the assets moved, but do not establish what the wallet owners intended or whether any assets were later sold.
A separate set of transactions appeared in an earlier roundup of exchange-bound crypto flows.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.