Bitcoin Transfer to Coinbase Leads $214.4 Million in Exchange Inflows

Four cryptocurrency transfers worth a combined $214.4 million landed at exchanges in a three-hour window ending Oct. 22, with a 1,000 Bitcoin (BTC) deposit to Coinbase accounting for the largest move. At 10:10 a.m. ET, an unknown wallet sent 1,000 BTC, valued at $81.7 million, to Coinbase. Three other transfers were 663 BTC worth $54.3 million to Bitfinex at 8:35 a.m. ET; 623 BTC worth $50.9 million to Coinbase at 9:24 a.m. ET; and 479,666,880 Cronos (CRO) worth $27.4 million to CryptoCom at 9:54 a.m. ET. Coinbase received two of the four transfers. Bitfinex and CryptoCom received one each. Three transfers involved BTC, and one involved CRO. All four recorded moves went from unknown wallets to exchanges.

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