Data: Coinbase cold wallet transferred 16,000 bitcoins this morning, worth nearly 1 billion dollars

ChainCatcher news, according to Cryptoslate, Arkham Intelligence data shows that Coinbase's cold wallet transferred 16,000 bitcoins this morning, worth nearly 1 billion dollars.

The balance of the Coinbase exchange has been steadily declining in 2024. According to CryptoQuant data, the balance at the beginning of this year was about 418,000 BTC, and it is currently around 267,000 BTC.