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Genesis Trading transferred 75k Ethereum (ETH) worth $113.7 million and 4 million USDT from its OTC Desk to crypto exchanges Coinbase, Bitstamp, and Kraken. 50k ETH was transferred to Coinbase, 20k ETH to Bitstamp, and 5k ETH and 4 million USDT to Kraken.
In addition, it transferred 36 million USDC to new address 0x81b3…543. The large ETH transfers were also noted by the Whale Alert platform.
According to Nansen, Genesis’ largest CEX transactions in the last 30 days include $51.9M USDC net deposits to Coinbase, $43.7M USDT net withdrawals from Kraken $28.7M, ETH net deposits to Bitstamp, $19M USDT net withdrawals from OKX, and $10.8M USDT and $7M USDC withdrawals from Binance.
More info: https://bit.ly/3kx81Q9