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Matrixport is significantly rebalancing to BTC, selling off ETH

2025-08-23 19:54

BlockBeats News, August 23rd, according to lookonchain monitoring, Matrixport is currently conducting an ETH to BTC swap. In the past 2 hours, they have withdrawn 2,354.6 BTC (approximately $272 million) from Binance and OKX.


In the last 4 hours, multiple wallets associated with Matrixport have deposited 95,873 ETH (approximately $452 million) into Binance and OKX.

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