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

Over 500K BTC left Gemini, Kraken, Coinbase in 13 months โ€“ 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)
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)