Matrixport Deposits 15,000 ETH Worth $64.67 Million to Binance

Matrixport-linked wallets moved large Ethereum amounts to Binance, with holdings now mainly in Bitcoin and ETH balances significantly reduced.

BTC
ETH

Summary

A Matrixport-linked wallet recently transferred 10,000 ETH, valued at approximately $43.77 million, to Binance within the past 10 hours. This follows an earlier transfer of 15,000 ETH worth $64.7 million. Matrixport, founded by Jihan Wu, currently holds $461 million in on-chain assets, with 81.6% allocated to Bitcoin and only 4,272 ETH remaining, valued at $18.33 million.

Terms & Concepts
  • ETH: Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used to facilitate transactions and execute smart contracts.
  • Binance: Binance is one of the world’s largest cryptocurrency exchanges, offering trading for a wide variety of digital assets.