Arkham Data Shows Grayscale Sent $22.67 Million in ETH and Bitcoin to Coinbase Prime

Blockchain analytics platform Arkham reports that Grayscale moved 5,322 ETH and 155.649 BTC to a Coinbase Prime address roughly one hour before the report.

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Terms & Concepts
  • Coinbase Prime: An institutional crypto brokerage and custody platform used by large investors for trading, storage, and execution services.
  • Blockchain analytics: The use of on-chain transaction data to track wallet activity, asset flows, and movements across blockchain networks.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used to pay network fees and support on-chain activity.