Summary
- On-chain analysis platform Lookonchain reported that Matrixport withdrew 5500 Ethereum(ETH) from Binance.
- The withdrawal amounted to approximately $25.66 million, which it said indicates asset custody purposes or the possibility of external management.
- It said ETH is trading on Binance at $4704, up 4.52% from the previous day.
On the 6th (local time), on-chain analysis platform Lookonchain reported on X (formerly Twitter) that "Matrixport withdrew 5500 Ethereum (ETH) from Binance." This amounts to approximately $25.66 million, and exchange withdrawals generally suggest asset custody purposes or the possibility of external management. ETH is trading at $4704 on the Binance Tether (USDT) market as of 04:11 on the 7th, up 4.52% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
