Jump Trading Transfers 100M USD1 from BitGo to Binance Amid Liquidity Surge

Jump Trading transferred 100M USD1 from BitGo to Binance over the past four hours, on-chain analyst Ai 姨 (@ai_9684xtpa) reports. The move came as USD1 liquidity demand on Binance surged following the exchange's launch of a high-yield USD1 wealth management product. USD1 supply increased by 118M tokens today, bringing its market capitalization to $2.87B.