November 30, 2020

$ 1.1 billion transaction took place on the bitcoin blockchain

On October 26, a transaction was made on the bitcoin network for 88,857 BTC (approximately $ 1.15 billion). According to Whale Alert, address of the sender belongs to the custodian Xapo.

Prior to that, the sender transferred bitcoins from an address with 92,857 BTC.

In the past, such large transactions were carried out by Bitfinex ($ 1.1 billion at the time of transfer) and Binance ($ 1.26 billion at the time of transfer).

The largest transaction in BTC equivalent took place on November 16, 2011 - 500,000 BTC.

Such transactions are not uncommon for Xapo, but usually they do not exceed 5,000 BTC.

Coinbase bought Xapo's institutional division last year, but the company retained control of the retail and bunker in Switzerland.