Cumberland Moves $107 Million in Ethereum to Coinbase Institutional

Whale Alert reports that the trading firm transferred 24,810 ETH, valued at roughly $107 million, to Coinbase's institutional platform.

ETH

Summary

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Terms & Concepts
  • Ethereum (ETH): A decentralized, open-source blockchain featuring smart contract functionality, and the second-largest cryptocurrency by market capitalization.
  • Coinbase Institutional: A division of Coinbase offering cryptocurrency trading and custody services tailored for institutional investors.
  • Whale Alert: A blockchain transaction monitoring service that tracks and reports large cryptocurrency transfers.