Amid another cryptocurrency surge (BTC reached $47,000 and ETH rose to $2,300), cryptocurrency exchanges FTX and Celsius conducted transactions worth approximately $35 million, moving a significant number of WBTC and ETH tokens to CEX.
The large-scale transactions conducted by FTX and Celsius caught the attention of the cryptocurrency industry. The high-profile collapse of the crypto exchanges had previously caused great turmoil in the cryptocurrency market, and now the exchanges are looking to revive themselves and repay their creditors. According to monitoring data, the two companies together moved WBTC and ETH worth $35 million, attracting the attention of crypto investors.
Previously, exchanges have made similar attempts to bring tokens to the market and sell them when their value increased. This caused a huge interest among crypto market experts, which led to the emergence of speculative rumors about these tokens, informs CoinGape.
According to analytics platform Spotonchain, on January 9, FTX and Celsius conducted joint WBTC and ETH transactions worth $35.1 million on exchanges Binance, Coinbase, and crypto broker FalconX's platform.
According to data provided by Spotonchain, the transfer of WBTC and ETH by FTX and Alameda amounts to $11.72 million. The transactions took place on the Binance and Coinbase exchanges:
• 200 WBTC worth $9.39 million were transferred to Binance at a BTC value of $46,952.
• 1,000 ETH worth $2.33 million were transferred to Coinbase at an ETH value of $2,330.
Similarly, Celsius unlocked and transferred 10,000 ETH worth $23.39 million to Coinbase and FalconX at an average token price of $2,339.
Celsius has 556,927 ETH remaining in its assets, valued at $1.28 billion. These funds will be used to pay off creditors.
At the time of writing, WBTC tokens are trading at $46,556, up 6% overnight. Trading volume also rose sharply to $351.8 million, up 135%, with such a large jump occurring against the backdrop of the rise in the price of Bitcoin.
The value of ETH also rose by 3.3% in 24 hours, hovering around $2,300. The trading volume of the asset also increased to $12.73 billion, up 44%.
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