Matrixport Exchanges $452 Million in ETH for $272 Million in BTC

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

DOGE-1.875%

Source: Coinmarketcap

Updated: Aug 24 2025

Matrixport's ETH Deposits: Matrixport or its clients deposited 95,873 ETH, valued at approximately $452 million, into Binance and OKX, indicating a potential strategy to sell or swap assets.
BTC Withdrawals: Following the ETH deposits, Matrixport-linked wallets withdrew 2,354.6 BTC (about $272 million) from the same exchanges, suggesting a possible ETH-to-BTC conversion.
Market Implications: The large-scale swaps may reflect shifts in market sentiment, with a move from ETH to BTC potentially indicating reduced confidence in Ethereum and increased belief in Bitcoin's stability.
Investor Attention: Analysts are closely monitoring these transactions as they often precede significant price movements in the cryptocurrency market, especially among institutional investors.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Matrixport Exchanges $452 Million in ETH for $272 Million in BTC

About the author

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