BitGo Transfers $31.26 Million in ETH from Coinbase Prime
CryptoNewsTerminal Staff10 Sep, 2024
BitGo Transfers $31.26 Million in ETH from Coinbase Prime
According to Arkham data, an estimated BitGo address withdrew 13,100 ETH ($31.26 million) from Coinbase Prime about an hour ago. The reason for this transfer is still unknown. On-chain data indicates that BitGo moved the withdrawn ETH to an address which is part of the BitGo Treasury Multisig. BitGo is a digital asset custody provider that offers a variety of services, including cryptocurrency storage, trading, and lending. Coinbase Prime is a custodial service that provides institutions with access to cryptocurrency trading, custody, and other services.
