Amber Group's L3 Transfers to CEXs Ahead of Major Listing

IconCryptoNewsTerminal Staff29 Jul, 2024

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Amber Group's L3 Transfers to CEXs Ahead of Major Listing

Amber Group, a leading market maker in Layer 3 (L3) markets, is preparing for the significant listing of L3 on several major exchanges. To facilitate this, Amber Group is transferring L3 assets to centralized exchanges (CEXs), including KuCoin, Crypto.com, Bitget, and MEXC. In the lead-up to the listing, which is scheduled for 3:00 PM (local time) on May 30th on Bitget, Bybit, and OKX, Amber Group has moved substantial amounts of L3 to these CEXs. Recent transactions show that Amber Group deposited 999,990 L3 and 499,000 L3 into KuCoin and Crypto.com, respectively. This strategic move by Amber Group suggests the growing anticipation for the upcoming L3 listing on major exchanges. The transfer of L3 to CEXs ensures that the token will be widely available to traders and investors, further increasing its liquidity and visibility within the cryptocurrency market.

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