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$208,000,000 in Bitcoin Moved Between Binance, OKEx and Anonymous Wallets

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Thu, 09/24/2020 - 10:48
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Yuri Molchan
Around $208 mln worth of BTC has been cumulatively shifted between Binance, OKEx and two anonymous wallets while Binance Futures hit $1 tln in YTD trading volume
$208,000,000 in Bitcoin Moved Between Binance, OKEx and Anonymous Wallets
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Whale Alert has noticed and brought to the public eye several wires, carrying a total of 29,293 BTC, which is around $208,000,000.

Those transfers were made between crypto exchanges Binance and OKEx, as well as three anonymous cryptocurrency wallets.

BTC
Image via Twitter

Binance receives BTC from OKEx, wires it to anon wallets

Major crypto tracking bot on Twitter, Whale Alert, has spotted six consecutive transactions that carried an overall volume of 20,293 BTC (around $208 mln).

In the course of three of the transactions, 9,888 BTC were transferred from the OKEx exchange to the Binance trading giant, or approximately $101.9 mln.

The other three wires carried 10,405 BTC from Binance to three different anonymous wallets.

Some commentators have assumed that, in the case of moving BTC from Binance to anon addresses, it may be whales withdrawing their crypto after Bitcoin declined from the zone of $10,427 to the $10,330 area on Wednesdayyet another recent BTC decline.

Earlier, Binance also made two transactions, carrying 6,778 BTC (approx $94 mln) to unknown Bitcoin wallets, and OKEx shifted $70.6 mln to Binance (6,726 BTC).

BTC
Image via Twitter

Related
Open Interest in Bitcoin Options Hits New High Ahead of $1,000,000,000 Expiry

Binance Futures hits $1 tln trading volume year-to-date

Meanwhile, on Wednesday, the Binance trading behemoth spread the word about a massive rise in trading volume figures on Binance Futures.

The transacted amount revealed in the Binance blog post was a staggering $1 tln year-to-date. This derivative platform kicked off exactly a year ago, in September 2019.

In August of this year, Binance Futures recorded a month-on-month surge totaling 74 percent ($184.6 bln in trading volume), according to CryptoCompare.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.