Cumberland, a leading global cryptocurrency trading firm, recently transferred 2,957 Bitcoin (BTC) to Coinbase Prime, a prime brokerage service for institutional investors. The transaction, which was worth approximately $310 million, was detected by Whale Alert, a popular Twitter account that tracks large cryptocurrency transactions. The transfer of such a significant amount of BTC highlights the growing adoption of cryptocurrencies by institutional investors. Coinbase Prime provides a suite of services, including custody, trading, and financing, that are tailored to the needs of these investors. This transaction is a testament to the increasing confidence that institutional investors have in the cryptocurrency market.

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