Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – more than any other exchange

Posted byAdam Owen Leave a comment on Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – more than any other exchange

Bitcoin continues to leave centralized exchanges

Definition

The total BTC balance and 30-day net balance change for Coinbase, Kraken and Gemini.

Quick Take

At the end of 2021:

  • Coinbase held over 690,000 BTC
  • Kraken held roughly 195,000 BTC
  • Gemini held approximately 315,000 BTC

At the beginning of 2023, the exchanges now hold:

  • Roughly 485,000 BTC on Coinbase
  • Roughly 83,000 BTC on Kraken
  • Roughly 133,000 BTC on Gemini

Coinbase Balance on exchange: (Source: Glassnode)

Gemini Balance on exchange: (Source: Glassnode)

Kraken Balance on exchange: (Source: Glassnode)

Research Analyst at CryptoSlate

James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.

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Adam Owen

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