Matrixport’s Bitcoin Withdrawals: Signals of Institutional Trust in Crypto

Matrixport, a leading digital asset company co-founded by Jihan Wu and John Ge, has been withdrawing significant amounts of Bitcoin from Binance. These recent withdrawals, totaling 3,805 BTC, highlight a trend towards institutional custody solutions over traditional exchange transactions. This strategic move suggests a focus on long-term asset management rather than short-term market fluctuations.