Matrixport Deposits 1,400 BTC to Binance, Withdraws 10,000 ETH
- —Matrixport deposited 1,400 BTC worth $107.8 million to Binance
- —10,000 ETH worth $24.67 million was withdrawn from Binance
- —The transaction was recorded by the Lookonchain service
Why it matters: Large transfers between a custodian and an exchange may signal preparation to sell BTC or accumulate ETH.
Source: PANews