Coinbase Moves $5 Billion, Reports Largest Crypto Transfer on Record

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Coinbase Moves $5 Billion, Reports Largest Crypto Transfer on Record

Coinbase recently made what it claims is the biggest cryptocurrency transfer on record, moving about $5 billion.

Major cryptocurrency exchange and wallet Coinbase recently made what it claims is the largest transfer of crypto on record, a company blog post reports Dec. 19.

According to the post, 5 percent of all Bitcoin (BTC), 8 percent of all Ethereum (ETH), and 25 percent of all Litecoin (LTC), along with “many other assets” were moved to new cold storage infrastructure in what the firm “believe[s] is the largest crypto migration on record.”

Coinbase reports that last week, the firm “completed an on-blockchain migration of approximately $5 Billion (as valued the week ending Dec. 7, 2018) of cryptocurrency from Generation Three to Generation Four of our cold storage infrastructure.”

— Citește pe cointelegraph.com/news/coinbase-moves-5-billion-reports-largest-crypto-transfer-on-record
By |2018-12-22T02:41:27+02:00December 22nd, 2018|Blockchain, Cybersecurity, Events, International, Payments| Comments

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