In a recent announcement, cryptocurrency exchange Coinbase revealed that it is conducting a scheduled migration of significant amounts of digital assets to new internal wallets.

Why Move Funds To New Wallets?

On Saturday, November 22, Coinbase executed the migration of large crypto funds (specifically Bitcoin and Ether tokens) from internal legacy wallets to fresh wallets. According to the exchange’s announcement , this significant asset movement is a standard security practice to avoid keeping funds in the same publicly known wallet addresses for long periods.

The crypto exchange noted that this wallet migration has been “planned well in advance” and is not related to industry landscape shifts or the current price structure. Additionally, the exchange said that any large-volume on-ch

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