"Robinhood Deposits 1,478 Bitcoin (BTC) to Coinbase... Worth Approximately 215.7 Billion KRW"
Minseung Kang
Summary
- Robinhood has reportedly deposited 1,478 Bitcoin (BTC) to Coinbase Institutional.
- It is stated to be worth approximately $148.65 million (about 215.7 billion KRW).
- Large-scale coin deposits can trigger an increase in selling pressure and short-term volatility.
1,478 Bitcoin (BTC) has been deposited into Coinbase Institutional.
According to the cryptocurrency transaction tracking site Whale Alert, at around 11:17 PM on the 7th, 1,478 Bitcoin (BTC) was deposited from Robinhood's wallet address to Coinbase Institutional. This amounts to approximately $148.65 million (about 215.7 billion KRW).
Typically, large-scale coin deposits to exchanges can lead to an increase in selling pressure, which may cause short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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