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Home›Crypto›Market Structure›BitGo transfers $7.4B Wrapped Bitcoins to Chainlink CC…

BitGo transfers $7.4B Wrapped Bitcoins to Chainlink CCIP

The latest transfer brings the total value migrating from LayerZero to Chainlink to nearly $15 billion, with Wrapped Bitcoin as the largest shift so far.

Reported · Written up by our desk · Market Structure

BitGo has moved $7.4 billion worth of Wrapped Bitcoins to Chainlink using CCIP, according to The Block.

The outlet said the transfer is part of a broader migration away from LayerZero, and that the accumulated value shifted to Chainlink is now close to $15 billion.

The Block added that Wrapped Bitcoin represents the largest single shift yet in this migration.

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Sources

The BlockBitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus

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