Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
coinpedia 2025-03-20 12:54:03

Coinbase Sells 12,652 ETH in Q4 – Despite These Ethereum Price Jump By 7%

Coinbase Sells 12,652 ETH in Q4 – Despite These Ethereum Price Jump By 7%

The post Coinbase Sells 12,652 ETH in Q4 – Despite These Ethereum Price Jump By 7% appeared first on Coinpedia Fintech News Coinbase, one of the biggest crypto exchanges, reportedly sold 12,652 Ethereum (ETH) in the fourth quarter of 2024, according to Standard Chartered’s Geoffrey Kendrick. This sale, worth about $25 million at today’s prices, has sparked discussions on whether Coinbase is strategically selling ETH for profit rather than holding it long-term. Strategic Selling or Just Business Operations? Kendrick, who heads digital assets research at Standard Chartered, analyzed Coinbase’s quarterly reports . He found that the exchange holds ETH in different categories, including investment and operational funds. Interestingly, he noted that Coinbase tends to buy when ETH prices are low and sell when prices rise. In Q3, when ETH was around $2,500, the company was a net buyer. But in Q4, when ETH climbed to $4,000, Coinbase sold more than it bought. Kendrick believes this pattern shows Coinbase is acting like a “risk-adjusting profit maximizer.” Instead of accumulating ETH for the long haul, the exchange appears to be taking advantage of price swings to manage its financial strategy. Coinbase Responds to Claims In response, Coinbase acknowledged selling some ETH but emphasized that the funds were used for operational needs. A company spokesperson explained that Base, Coinbase’s Ethereum layer-2 blockchain, earns ETH through sequencer fees. While most of this ETH is held for long-term investment, some are used for salaries, acquisitions, taxes, and grants. Coinbase also denied being a trading-focused entity, pointing out that its ETH holdings for investment grew by 20% in 2024. The exchange stressed that it does not actively trade crypto assets but may lend or stake them when necessary. Previous Accumulation Claims This isn’t the first time Coinbase has faced scrutiny over its ETH holdings. Just last month, a Base representative dismissed rumors about ETH sales, stating that Coinbase had accumulated over $300 million in ETH—more than double its earnings from Base. Ethereum Price Jump, But ETF Bleeds Ethereum is back on the rise, jumping over 7% and reclaiming the crucial $2,000 level. But despite this rally, the U.S. Ethereum spot ETF market is still bleeding cash. According to Farside, ETFs saw a massive $11.7 million outflow yesterday, extending the trend of investors pulling out. BlackRock’s ETHA led the losses, recording a staggering $12.9 million net outflow. Fidelity’s FETH wasn’t spared either, losing $2 million, while Grayscale Mini ETH saw another $7.7 million vanish.

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
848
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.