Grayscale Transfers $71.15 Million in BTC to Coinbase Prime

IconCryptoNewsTerminal Staff29 May, 2024

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Grayscale Transfers $71.15 Million in BTC to Coinbase Prime

On-chain data analytics provider Arkhaim Data has discovered that a Grayscale estimated address deposited 1047.623 BTC ($71.15 million) to Coinbase Prime approximately 20 minutes ago. Notably, the same address also transferred 1,239.283 BTC ($84.17 million) to three new addresses. These transactions indicate significant movement of digital assets within the cryptocurrency ecosystem and underscore the growing role of institutional players like Grayscale in the wider crypto market.