Wallet Linked to Genesis Transfers $720M of Bitcoin to Coinbase, Signaling Potential Liquidations

July 13, 2024, 2:45 p.m. 5 months, 1 week ago

Wallet Linked to Genesis Transfers $720M of Bitcoin to Coinbase, Signaling Potential Liquidations. A cryptocurrency wallet associated with Genesis Trading has transferred approximately $720 million worth of Bitcoin to the Coinbase exchange over the past month, pointing to potential liquidations.


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Who, What & Where

Bitcoin

Bitcoin


The first decentralized digital currency, created by an unknown person or group …

Coinbase

Coinbase


Coinbase, founded in 2012 by Brian Armstrong and Fred Ehrsam, rapidly ascended …

Genesis Global Trading

Genesis Global Trading


Genesis Global Trading, Inc. was founded in 2013.[4] It is a subsidiary …