46,800 ETH Transferred from Binance to Binance Beacon Chain

IconCryptoNewsTerminal Staff02 Sep, 2024

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46,800 ETH Transferred from Binance to Binance Beacon Chain

Binance, the popular cryptocurrency exchange, has transferred 46,800 ETH (Ethereum) to its Binance Beacon Chain. The transaction, which was initiated on August 22, 2022, is worth a staggering 120 million USD. This transfer is a significant development in the cryptocurrency market, as it marks a major investment in the Binance Beacon Chain. The Beacon Chain is a proof-of-stake blockchain that is designed to underpin the future Ethereum 2.0 network.