"Wallet presumed to belong to Matrixport withdraws 30,734 Ethereum from exchanges like Binance"
Heecheol Yang
Summary
- A wallet presumed to belong to Matrixport reportedly withdrew 30,734 Ethereum in large volume from the Binance and OKX exchanges.
- Such large withdrawals may be for self-custody or for decentralized finance (DeFi) purposes.
- As of 16:00 on the 2nd, Ethereum is trading at $2,596.32 on the Binance USDT market, up 5.96% from the previous day.
It is estimated that Matrixport, a Hong Kong-based crypto asset services company, has withdrawn a large amount of Ethereum (ETH) from exchanges Binance and OKX.
On the 2nd (local time), on-chain data media outlet Lookonchain stated, "A wallet presumed to belong to Matrixport withdrew 30,734 Ethereum (ETH) (approximately $78 million) from Binance and OKX in the past 24 hours."
Typically, such large withdrawals can be for the purpose of self-custody or used for decentralized finance (DeFi).
Meanwhile, as of 16:00, Ethereum is trading at $2,596.32 on the Binance Tether (USDT) market, up 5.96% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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