{"id":15925,"date":"2024-08-08T11:47:29","date_gmt":"2024-08-08T08:47:29","guid":{"rendered":"https:\/\/forklog.com\/en\/jump-trading-withdraws-additional-32-6-million-in-usdc-from-binance\/"},"modified":"2024-08-08T11:47:29","modified_gmt":"2024-08-08T08:47:29","slug":"jump-trading-withdraws-additional-32-6-million-in-usdc-from-binance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jump-trading-withdraws-additional-32-6-million-in-usdc-from-binance\/","title":{"rendered":"Jump Trading Withdraws Additional $32.6 Million in USDC from Binance"},"content":{"rendered":"<p>On August 8, trading firm Jump Trading withdrew $32.6 million in USDC from the cryptocurrency exchange Binance. Analysts at Lookonchain highlighted this transaction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Jump Trading withdrew 32.6M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> after they transferred <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> to sell yesterday.<\/p>\n<p>These <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> may be deposited in <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a> (will likely be exchanged for USD).<a href=\"https:\/\/t.co\/leaQYUaY0C\">https:\/\/t.co\/leaQYUaY0C<\/a> <a href=\"https:\/\/t.co\/XfKNief7wl\">pic.twitter.com\/XfKNief7wl<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1821460041494610014?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>They speculate that the assets will be deposited on the Coinbase exchange and subsequently converted into dollars.<\/p>\n<p>According to <a href=\"https:\/\/platform.spotonchain.ai\/en\/platform\/entity\/163\">data<\/a> from Spot On Chain, the company has been actively moving funds between the exchanges Binance, Bybit, Coinbase, Gate.io, and OKX in recent hours.<\/p>\n<p>The current balance across 20 monitored wallets of Jump Trading stands at $467.1 million, including:<\/p>\n<ul class=\"wp-block-list\">\n<li>$256.6 million in USDC;<\/li>\n<li>$89.6 million in USDT;<\/li>\n<li>21,394 WSTETH ($60.8 million);<\/li>\n<li>6,079 ETH ($14.7 million);<\/li>\n<li>163.5 TBTC ($9.33 million).<\/li>\n<\/ul>\n<p>Earlier, on August 7, Jump Trading successfully withdrew 11,500 ETH, valued at approximately $29 million, from the liquid staking platform Lido Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 8, trading firm Jump Trading withdrew $32.6 million in USDC from the cryptocurrency exchange Binance. Analysts at Lookonchain highlighted this transaction. Jump Trading withdrew 32.6M $USDC from #Binance after they transferred $ETH to #Binance to sell yesterday. These $USDC may be deposited in #Coinbase (will likely be exchanged for USD).https:\/\/t.co\/leaQYUaY0C pic.twitter.com\/XfKNief7wl \u2014 Lookonchain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1373,910],"class_list":["post-15925","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-binance","tag-jump-trading","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15925"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15925\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}