Arkham, a blockchain analysis firm known for its altcoin listed on Binance, announced that it has signed an important partnership with Coinbase Wallet.
This collaboration allows users to connect their Coinbase Wallets to Arkham and track their assets and transactions directly on the platform.
By clicking on their display name in Arkham, users can access their personal portfolio pages and use them to manage their cryptocurrency holdings.
Hundreds of Millions of ARKM Tokens Were Moved to Coinbase Yesterday
In related news, Arkham Intelligence recently completed a major token transfer, moving nearly half a billion dollars worth of native ARKM tokens to Coinbase Prime. This strategic move, which involved hundreds of millions of tokens, a significant portion of which belonged to the company's CEO, attracted attention in the crypto community.
The company cites regulatory compliance and tax obligations as the driving factors behind this transfer. The process involved retrieving ARKM tokens from existing vesting smart contracts and moving them to an intermediary address before final transfer to Coinbase Custody addresses.
The 115.8 million ARKM tokens ($185.28 million) owned by the CEO were included in this transfer, which took place on July 18, 2024. The total amount of tokens transferred is 304.5 million ARKM and its value is approximately 487.24 million dollars.
*This is not investment advice.