Abraxas Capital Transfers $18 Million in USDT and XAUT to Binance and Bitfinex

Abraxas Capital, a London-based regulated digital asset manager, has transferred approximately $18 million in digital assets to centralized cryptocurrency exchanges, according to the latest on-chain data.

Specifically, the transfers included 10 million Tether (USDT) and 1,000 Tether Gold (XAUT), worth approximately $4 million, sent to Binance. The firm also moved an additional 1,000 XAUT, worth around $4 million, to Bitfinex as part of the transactions.

Source: Onchain Lens