DBS Bank has withdrawn 2,000 ETH, valued at $6.27 million, from Galaxy Digital, according to The Data Nerd. This transaction took place seven hours before it was publicly reported. Despite the significant movement, the price of Ethereum has remained stable.
DBS Bank's current holdings include $499 million in Ethereum and $706 million in Bitcoin, reflecting its strategic focus on digital assets. Such institutional transactions are often viewed as indicators of market maturity, highlighting the growing role of major financial institutions in the cryptocurrency space.
DBS Bank Withdraws $6.27 Million in ETH from Galaxy Digital
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