Akam Transfers $482 Million in Team Tokens to Coinbase Prime

IconCryptoNewsTerminal Staff20 Jul, 2024

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Akam Transfers $482 Million in Team Tokens to Coinbase Prime

Akam Moves $482M Worth of Team Tokens to Coinbase Prime Blockchain analytics firm Arkham Intelligence (ARKM) has reported that 345.27 million ARKM tokens, valued at approximately $482.74 million, belonging to the Akam team were transferred to a Coinbase Prime wallet an hour ago. This move is in line with Akam's previous announcement that, effective July 18th, some of its employees' wallets would be held in the custody of Coinbase. This decision was taken to ensure compliance with regulations in the United States and the United Kingdom.