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Binance Moves $1.26 Billion in BTC As Ripple Fires Off 200 Million XRP in Massive Show of Strength

If Binance were to try to lug the same amount of value in gold bars from one place to another, it would have been a logistical nightmare.

The current price of gold is about $1,284 an ounce, and standard gold bars held by central banks weigh roughly 400 ounces. With each gold bar worth $513,600, Binance would have had to lug 2,453 gold bars weighing 61,325 pounds to move $1.26 billion in gold from one vault to another.

Binance split the cryptocurrency movements into two transactions, sending them both within 15 minutes – no armored trucks involved.

Read more at The Daily HODL


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