Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $1 billion

James Van Straten

Quick Take Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15. Each transaction involved 8,000 Bitcoin, totaling $493.96 million. Together, these transactions summed up to approximately 16,000 Bitcoins, valued at nearly $1 billion, approximately $988 million, according to Arkham Intelligence. Verification of these transactions was provided by Glassnode […]

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Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $1 billion