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Ceffu Unloads $263M from Binance Amidst Bitcoin Rally

Guavy AI Editorial Team
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Ceffu, Binance's institutional custody partner, made a significant withdrawal from the exchange on August 24. In a 30-minute window, Ceffu pulled $263.8 million worth of Bitcoin (BTC) and Ethereum (ETH) off Binance.

The withdrawal consisted of 1,524 BTC, valued at approximately $117.89 million, and 59,484 ETH, worth around $145.92 million. This move followed the deposit of 136.54 million USDC onto Binance by Ceffu earlier that day.

This is not the first time Ceffu has transferred large amounts between the two platforms. In July, 3,000 BTC worth roughly $192 million was moved from Binance to a Ceffu address over 30 days in 12 separate transfers.

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