Market Maker Shares ARB Tokens to Binance, Bybit, KuCoin for Testing

full version at coinedition

Wintermute Trading received 40M Arbitrum network tokens.
The market maker distributed various ARB tokens to centralized exchanges.
Binance users will be able to withdraw ARB from Friday evening.

Lookonchain, an on-chain tracker, has revealed that the well-known crypto market maker, Wintermute Trading, recently received 40 million units of the yet-to-be-launched Arbitrum network tokens, ARB.

According to two snapshots of blockchain data shared by Lookonchain, Wintermute Trading distributed various amounts of the ARB tokens upon receipt to centralized and decentralized exchanges.

The exchanges included Binance, Bitfinex, OKX, Kraken, Bybit, KuCoin, and Huobi. The market tracker noted that the transfers to these prominent asset managers were for testing to ensure no hiccups at the official launch.

Wintermute Trading, the market maker of $ARB received 40M $ARB and transferred a small amount of $ARB to exchanges for testing. #Arbitrum

The market maker is ready, are you ready?https://t.co/U6NJqynPCt pic.twitter.com/XNXjtGZlPZ
— Lookonchain (@lookonchain) March 23, 2023