A compliance platform explains the migration of large BTC and ETH wallets.

Source: ETHNews Original Title: Coinbase Explains Large BTC and ETH Wallet Migrations Original Link: https://www.ethnews.com/coinbase-explains-large-btc-and-eth-wallet-migrations/ A major compliance-focused platform has announced that it is performing scheduled internal wallet migrations for Bitcoin and Ethereum as part of its ongoing security upgrades. The company emphasized that the activity is routine, fully planned, and not triggered by any hack, incident, or market event.

What Is Being Done

The exchange is moving funds from older internal wallets into newly generated, institution-grade wallets. This change—already visible as large on-chain BTC and ETH transactions—is part of the long-term strategy to minimize exposure risks and maintain security standards.

According to the firm, this migration follows widely accepted best practices used by major custodians and does not affect user-facing operations. All transfers originate from platform-controlled addresses and move directly into new platform-controlled addresses.

No Impact on Users

The platform confirmed that:

• Trading, deposits, and withdrawals will continue normally
• Customer deposit addresses remain unchanged
• No downtime is expected across products

The company stressed that user balances, activity, and access are not affected in any way during the process.

Security Reminder

The platform also warned users to stay alert for impersonation scams. During major wallet movements, scammers sometimes take advantage of uncertainty and attempt to pose as support agents. The company reiterated that it never asks for passwords, 2FA codes, or requests that customers transfer funds to external addresses.

Why It Matters

Periodic wallet rotations have become an essential part of operational security across major exchanges, especially as long-term wallet exposure increases risk. By migrating internal funds to fresh wallets, the platform reinforces its infrastructure against potential attack vectors while continuing to maintain transparency about major on-chain movements.

The migration is not tied to price volatility, regulatory changes, or any internal incident, highlighting that the company is acting proactively rather than reactively.