1,832 BTC, Worth $110 Million, Transferred to Kraken

IconCryptoNewsTerminal Staff22 Aug, 2024

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1,832 BTC, Worth $110 Million, Transferred to Kraken

Kraken has been on the receiving end of a major Bitcoin transaction, with 1,832 BTC, worth over $110 million, being sent to the exchange from an anonymous address. This substantial movement of funds indicates that investors may be seeking shelter on reputable and well-established platforms amid the ongoing market volatility. Kraken has consistently ranked among the top cryptocurrency exchanges globally, known for its reliability and robust security measures. By transferring such a significant amount of BTC to Kraken, the sender likely aims to benefit from the exchange's secure storage and deep liquidity.