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Insights
US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – more than any other exchange Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – more than any other exchange James Van Straten · 2 years ago
Insights Bitcoin

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

Bitcoin continues to leave centralized exchanges

James Van Straten / @jvs_btc / Jan. 24, 2023 at 2:26 pm UTC

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)
Coinbase Balance on exchange: (Source: Glassnode)
Gemini Balance on exchange: (Source: Glassnode)
Gemini Balance on exchange: (Source: Glassnode)
Kraken Balance on exchange: (Source: Glassnode)
Kraken Balance on exchange: (Source: Glassnode)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Latest Insights
US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders

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Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

In this insight

Bitcoin BTC (24h)
$99,268.63 +2.35%
Vol: $96B MCap: $1.96T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin

Glassnode

Analytics, Research Company in Europe

Glassnode brings data intelligence to the blockchain and cryptocurrency space.

More about Glassnode

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