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

Bitcoin continues to leave centralized exchanges

James Van Straten
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James Van Straten
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.
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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:

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  • 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)
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Bitcoin Glassnode
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James Van Straten
James Van Straten
Former Lead Analyst 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.

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Bitcoin BTC (24h)
$80,079.38 +0.21%
Market Cap $1.6T
24H Volume $44.97B
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