Cumberland Withdraws $69.56 Million ETH from Binance: What's Happening?

10 July, 2025, 01:30 PM

## Cumberland's Large ETH Withdrawal from Binance Lookonchain reported a significant movement of Ethereum (ETH) from Binance. An address linked to Cumberland, a major crypto trading firm, withdrew 25,000 ETH, valued at approximately $69.56 million. ## Recent ETH Accumulation This latest withdrawal is part of a larger trend. Over the past three days, the same Cumberland-associated address has withdrawn a total of 55,383 ETH, amounting to around $148 million, from the cryptocurrency exchange. While the specific reasons behind these large withdrawals remain undisclosed, such movements often indicate strategic shifts in investment portfolios or preparations for over-the-counter (OTC) trading activities. Cumberland is known for facilitating large block trades, and moving ETH off-exchange could be related to fulfilling client demands or managing liquidity for upcoming deals. The cryptocurrency market will be watching to see what Cumberland does with its newly acquired Ethereum. ```