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Crypto

Institutional Interest Surges as $81M in BTC Transfers to Coinbase

Guavy AI Editorial Team
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BTC BNB
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A significant transfer of 1,049 Bitcoin, valued at approximately $81.5 million, has moved from Binance to Coinbase Institutional.

This transaction is notable due to Coinbase Institutional's role as a custody platform for large investors such as hedge funds and ETF issuers.

Over the past two months, more than 4,000 BTC worth over $275 million have shifted in similar transfers.

The trend highlights growing institutional interest in Bitcoin custody solutions.

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