Mt. Gox has conducted significant Bitcoin transfers, while the market impact appears limited. Meanwhile, eToro has announced new features for UK and EU users.
Mt. Gox Bitcoin Transfers
Mt. Gox has moved 11,501.4 BTC, worth around $1 billion, raising concerns about market influence. The defunct exchange transferred 10,608 BTC to a new wallet and 893.4 BTC to a warm wallet. These actions follow earlier transfers, including 332 BTC. The exchange currently holds 35,583 BTC.
Market Impact of Transfers
Past Bitcoin transfers from significant holders like Mt. Gox often caused market fluctuations. However, recent movements have shown a reduced correlation with price volatility. Some creditors confirmed receiving fiat payouts, though many await full compensation in BTC or BCH. The repayment deadline has been extended to October 31, 2025, due to ongoing verification and claim processing.
eToro Expands Capabilities
Besides the developments with Mt. Gox, eToro has announced new features for UK and European clients. Users will be able to transfer BTC or ETH from external wallets to the eToro Crypto Wallet, enhancing their management of digital assets.
The massive cryptocurrency transfers by Mt. Gox have not significantly impacted the market, though repayment delays remain a concern. Meanwhile, eToro continues to innovate its crypto offering for users.
