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Retail investors’ habits vary between exchanges when it comes to Bitcoin
Kraken and Gemini see Bitcoin withdrawals by retail users, while Coinbase attracts deposits
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Definition
Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions.
Quick Take
- Retail transactions are defined as less than $10,000 (dark green) and less than $100,000 (light green).
- A very noticeable difference between Gemini, Kraken, and Coinbase transactions.
- Throughout 2023 Gemini and Kraken retail users' dominant behavior is seen with withdrawals.
- However, data suggests that retail investors prefer to deposit Bitcoin on Coinbase.
- This may suggest users feel more comfortable leaving Bitcoin on Coinbase in relation to Kraken and Gemini.
$73,519.65 +0.05% (24H)
- Market Cap
- $1.47T
- 24H Volume
- $34.49B
- Circulating Supply
- 20.04M
- Layer 1 Dominance
- 71.6%
