Bitcoin continues to leave centralized exchanges
The total BTC balance and 30-day net balance change for Coinbase, Kraken and Gemini.
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)
Gemini Balance on exchange: (Source: Glassnode)
Kraken Balance on exchange: (Source: Glassnode)
Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.
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This article has been originally published at: https://cryptoslate.com/insights/over-500k-btc-left-gemini-kraken-coinbase-in-13-months-more-than-any-other-exchange/