Onchain Lens: QCP Capital Deposits 400 Bitcoin to Binance

According to Onchain Lens, QCP Capital transferred 400 BTC worth $35.7 million to Binance, indicating significant movement of assets to the centralized exchange.

BTC

Summary

Onchain Lens reported that QCP Capital deposited 400 Bitcoin, valued at approximately $35.7 million, to Binance about five hours ago. The transaction highlights notable asset movement from the crypto investment firm to the centralized exchange.

Terms & Concepts
  • On-chain data: Information recorded on public blockchains, used to track transactions and asset flows.
  • Centralized exchange (CEX): A custodial crypto trading venue where a company manages user accounts and order matching.
  • Bitcoin (BTC): The first and largest cryptocurrency by market capitalization, used as a digital store of value and medium of exchange.