Cumberland Withdraws 22,086 ETH Worth $96.99 Million From Coinbase Prime

The trading firm Cumberland has transferred over 12,700 ETH to Coinbase Institutional, reflecting significant market movement and liquidity.

ETH

186d ago

Summary

Cumberland, a major trading firm, moved 12,706 ETH, valued at approximately $57.17 million, to Coinbase Institutional, according to Whale Alert data. This transfer follows a similar pattern of large Ethereum movements within the crypto market.

Terms & Concepts

ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, widely used for transactions, smart contracts, and decentralized applications.
Coinbase Institutional: A platform by Coinbase designed for institutional investors, offering services like custody, trading, and prime brokerage for digital assets.