PANews reported on October 15 that according to monitoring by The Data Nerd, 8 hours ago, Cumberland withdrew 203.55 billion SHIBs (about 2.17 million US dollars).
In the past week, the trader has withdrawn a total of: 224,000 AVAX (approximately US$5.25 million), 17,243 ETH (approximately US$71.37 million), 102,000 LINK (approximately US$880,000), 892 billion PEPE (approximately US$7.17 million), 203 billion SHIB (approximately US$2.17 million), and 220,000 UNI (approximately US$1.48 million).


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
