Retail investors’ habits vary between exchanges when it comes to Bitcoin 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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
