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Grayscale Transfers $13.54 Million in Ethereum to Coinbase Prime

Grayscale moves approximately 6,594 ETH worth $13.54 million to Coinbase Prime, as reported by Arkham monitoring.

BTC
ETH

Summary

Grayscale transferred around 6,594 Ethereum (ETH), valued at approximately $13.54 million, to Coinbase Prime, according to blockchain analytics platform Arkham. This move follows a similar transfer of Bitcoin and Ethereum earlier, suggesting potential rebalancing or liquidity adjustments by Grayscale on Coinbase’s institutional platform.

Terms & Concepts
  • Coinbase Prime: An institutional trading platform by Coinbase designed for professional investors, offering custody, advanced trading, and settlement services.
  • Arkham: A blockchain intelligence platform that analyzes and tracks crypto transactions for transparency and compliance.
  • Grayscale: A digital asset management firm known for its cryptocurrency investment products, including Bitcoin and Ethereum trusts.