Crypto Transfer Archives - Coin Engineer https://coinengineer.net/blog/tag/crypto-transfer/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 14 Nov 2025 12:04:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Crypto Transfer Archives - Coin Engineer https://coinengineer.net/blog/tag/crypto-transfer/ 32 32 BlackRock Transfers Thousands of Ethereum to Coinbase: Details https://coinengineer.net/blog/blackrock-transfers-thousands-of-ethereum-to-coinbase-details/ https://coinengineer.net/blog/blackrock-transfers-thousands-of-ethereum-to-coinbase-details/#respond Fri, 14 Nov 2025 12:30:53 +0000 https://coinengineer.net/blog/?p=57017 BlackRock made a notable move in the cryptocurrency market by transferring a total of 43,240 Ethereum (ETH) to the institutional crypto platform Coinbase Prime. This substantial deposit highlights once again the interest of institutional investors in crypto assets and is being closely monitored by market participants. At the time of writing, Ethereum is trading at

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]]> BlackRock made a notable move in the cryptocurrency market by transferring a total of 43,240 Ethereum (ETH) to the institutional crypto platform Coinbase Prime. This substantial deposit highlights once again the interest of institutional investors in crypto assets and is being closely monitored by market participants. At the time of writing, Ethereum is trading at $3,130.

Transfer Size and Details

Blockchain data shows that multiple transfers occurred from BlackRock’s wallet to Coinbase Prime within short intervals.

  • Total ETH Transferred: 43,240 ETH

  • Market Value: Approximately $138.62 million at the time of transfer

  • Transfer Breakdown:

    • 10,000 ETH transfers (~$31.62 million)

    • 3,240 ETH transfer (~$10.24 million)

This large-scale transfer indicates a significant step in BlackRock’s digital asset strategy.

Why Coinbase Prime Matters

Coinbase Prime is an integrated platform offering institutional investors trading, custody, prime brokerage, and reporting capabilities. Large fund managers like BlackRock typically use it for custody services, especially for spot ETFs and other institutional crypto products. They also use Coinbase Prime to execute their trading operations.

Possible Reasons for the Transfer

  • Custody Management: The transfer may relate to BlackRock’s management of its Ethereum holdings using an institutional-grade platform.

  • Liquidity Preparation: The ETH transferred could be added to liquidity pools for upcoming ETF operations, including creation, redemption, or market-making activities.

  • Corporate Trading Signal: Some analysts may interpret large deposits to exchanges as preparation for potential sales or arbitrage. However, transfers of this scale are usually operational and regulatory in nature.

BlackRock’s Crypto Strategy

BlackRock has long been a pioneer bridging traditional finance (TradFi) and the crypto world. The company has its own Ethereum ETF (ETHA).

This transfer is interpreted as a positive signal for institutional adoption in the cryptocurrency market.

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]]> https://coinengineer.net/blog/blackrock-transfers-thousands-of-ethereum-to-coinbase-details/feed/ 0 First International Bitcoin Lightning Transfer in the U.S.! https://coinengineer.net/blog/first-international-bitcoin-lightning-transfer-in-the-u-s/ https://coinengineer.net/blog/first-international-bitcoin-lightning-transfer-in-the-u-s/#respond Wed, 20 Aug 2025 08:39:04 +0000 https://coinengineer.net/blog/?p=48468 SoFi Technologies is set to become the first U.S. bank to integrate Bitcoin Lightning and Universal Money Address (UMA) solutions. The digital bank partnered with Lightspark to enable fast and low-cost cross-border transfers for users in the U.S., Mexico, and beyond.  SoFi announced a strategic partnership with Bitcoin payment infrastructure provider Lightspark. The company revealed

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]]> SoFi Technologies is set to become the first U.S. bank to integrate Bitcoin Lightning and Universal Money Address (UMA) solutions. The digital bank partnered with Lightspark to enable fast and low-cost cross-border transfers for users in the U.S., Mexico, and beyond. 

SoFi announced a strategic partnership with Bitcoin payment infrastructure provider Lightspark. The company revealed the new service amid Bitcoin’s prominent price of $113,780. SoFi plans to launch the blockchain-powered money transfer service in Mexico later this year. 

SoFi CEO Anthony Noto emphasized the convenience for members on the X platform. According to Noto, users will be able to make international transfers directly through the SoFi app. This service positions the bank strongly in the global money transfer market, which reached $740.5 billion in 2024. 

New Transfer Model Supported by UMA 

SoFi’s UMA-based solution allows users to convert U.S. dollars into Bitcoin in real-time. Funds are sent across borders via the Lightning Network, and recipients receive payments directly in their local currency. This provides significant advantages in both speed and cost. 

Lightspark’s UMA system enables transfers using email-like addresses. Founded in 2022 by PayPal’s former president David Marcus, the company quickly established global partnerships. SoFi will show exchange rates and fees to users before confirming transactions, emphasizing that costs will be below the national average. 

The service will be available 24/7 to SoFi’s 11.7 million members. Last year, Coinbase integrated Lightspark’s Bitcoin Lightning infrastructure. According to Coinbase, 15% of Bitcoin transactions occurred via the Lightning Network within 12 months. 

Meanwhile, Brazilian digital bank Nubank also partnered with Lightspark in 2024, planning to offer Bitcoin payments to its 100 million customers. However, Nubank has not yet confirmed full service activation. 

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