According to Arkham data, Paradigm Capital has transferred a large amount of Ethereum (ETH) to the institutional-grade custody platform Anchorage Digital. At 8:53 am UTC+8 today, Paradigm Capital with the address 0x11...c3cD deposited 19,504 ETH (worth approximately $65.59 million) into Anchorage Digital.
The transaction is a big deal in Paradigm’s recent activity. Over the past three months, the company has developed a pattern of depositing Ethereum into Anchorage in the second half of each month. However, today’s deposit is unusual for two reasons: it is the second deposit this month and the largest deposit Paradigm has made in the past three months.
Paradigm Capital’s move of ETH on such a large scale demonstrates the company’s strategic approach to asset management and security. Anchorage Digital, known for its strong security measures and institutional-grade custody services, has become the platform of choice for major financial institutions seeking to protect their digital assets. This large deposit perhaps also highlights Paradigm’s growing confidence in the stability and potential of Ethereum as a valuable asset. It also shows that institutional investors are gravitating toward reliable custody solutions to manage and protect their assets. #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #Mt.Gox将启动偿还计划 #币安合约锦标赛
Institutional confidence in Ethereum continues to grow
Paradigm Capital's recent deposits are in line with the growing trend of institutional interest in Ethereum. As the second-largest cryptocurrency by market cap, ETH has attracted a lot of attention from traders due to its multiple uses, including DeFi, smart contracts, and more. Institutions such as Paradigm Capital play a key role in legitimizing and stabilizing the market. Their participation not only brings a lot of capital into the ecosystem, but also strengthens market confidence. By choosing trusted custody solutions such as Anchorage Digital, these institutions set the standard for security and trustworthiness in digital asset handling.