On October 26, 88,857 BTC (approximately $1.15 billion) was transacted on the Bitcoin network. According to Whale Alert, the addressof the sender belongs to the custodian Xapo.
? ? ? ? ? ? ? ? ? ? 45,671 #BTC (602,832,400 USD) transferred from #Xapo to unknown wallethttps: //t.co/pj7YNs8gBW
— Whale Alert (@whale_alert) October 26, 2020
? ? ? ? ? ? ? ? ? ? 43,185 #BTC (570,027,650 USD) transferred from #Xapo to unknown wallethttps: //t.co/Dfgq6R4drR
— Whale Alert (@whale_alert) October 26, 2020
Prior to that, the sender transferred bitcoins from an address with 92,857 BTC.
In the past, such large transactions were carried out by Bitfinex ($ 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.
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