November 4, 20261 min read0 views

Jump Crypto Transfers $15 Million of USD1 to BitGo

Summary

Jump Crypto transferred $15 million of USD1 to BitGo in two transactions over the past hour.
Onchain Lens said the funds were moved to a BitGo hot wallet.
BitGo supports USD1 issuance and redemption, and the transfer may have been part of fund management such as custody or dollar redemption.

Forecast Trend Report by Period

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Summary

Jump Crypto transferred $15 million of USD1 to BitGo in two transactions over the past hour.
Onchain Lens said the funds were moved to a BitGo hot wallet.
BitGo supports USD1 issuance and redemption, and the transfer may have been part of fund management such as custody or dollar redemption.

Forecast Trend Report by Period

Jump Crypto, a cryptocurrency market maker, transferred a large amount of the dollar stablecoin USD1 to BitGo.

Onchain Lens said on Nov. 4 that Jump Crypto sent $15 million of USD1 to BitGo in two transactions over the past hour. The funds were moved to a BitGo hot wallet.

BitGo supports USD1 issuance and redemption. The transfer may have been part of fund management, such as custody or dollar redemptions.

JOON HYOUNG LEE

Original Source

bloomingbit

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