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Coinbase Receives 13,003 BTC from Anonymous Whale Over Past 3 Hours

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Sat, 07/17/2021 - 07:49
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Yuri Molchan
Coinbase crypto giant has received a transfer of $408.8 million in Bitcoin from an anonymous BTC wallet for a $3.6 fee
Coinbase Receives 13,003 BTC from Anonymous Whale Over Past 3 Hours
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According to a recent tweet by the crypto track Whale Alert’s team, over the past three hours, an anonymous crypto whale has moved a staggering 13,003 Bitcoins to Coinbase – the largest US-based crypto trading venue and a public company that has recently made a direct listing on the Nasdaq.

The payment for the transaction has amounted to 0.00011508 BTC – a “whopping” $3.6 in fiat – a fee that no bank can offer for a money transfer, not to mention the speed that no bank can compete with.

Chinese crypto journalist Colin Wu has shared CryptoQuant charts which show that this transfer was made by Coinbase internally.

As reported by U.Today earlier, 14,550 BTC was made by cryptocurrency whales to Binance this week and 4,518.409 BTC from that amount was deposited in merely one hours. The CEO of CryptoQuant analytics vendor believes that the selling pressure on the largest crypto now is strong.

Related
Bank of America Approves BTC Futures Trading, Will Be Allegedly Using CME Bitcoin Futures Too

The flagship cryptocurrency is changing hands at $31,515 at the time of writing. Earlier this week, Bitcoin slipped from the $32,500 area to $31,175.

On Friday, the BTC price rose a little after it was announced that the Bank of America approved the trading of Bitcoin futures for some of its customers and that it would allegedly also trade BTC futures issued by CME Group.

The news was spread by CoinDesk, using anonymous sources familiar with the matter. However, no official confirmation was made by the BoA at that time.

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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.