Wintermute Deposits $74 Million FDUSD into Binance
CryptoNewsTerminal Staff20 Aug, 2024
Wintermute Deposits $74 Million FDUSD into Binance
Wintermute, a prominent crypto market maker, recently deposited 74 million FDUSD into Binance, a leading cryptocurrency exchange. According to on-chain data analytics provider ScopeScan, the funds originated from an address allegedly belonging to First Digital Labs. Over the past 30 days, the address has received a total of 256 million FDUSD and has subsequently deposited them into Binance. This transaction is significant for several reasons. Firstly, it demonstrates the growing adoption of FDUSD, a stablecoin pegged to the US dollar. Secondly, it highlights Wintermute's continued role as a major player in the crypto market, despite recent market turbulence. It is important to note that the data provided by ScopeScan is based on on-chain analysis and should not be taken as an official confirmation. However, the findings align with broader trends in the crypto industry, indicating increased institutional adoption and market activity.
