Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – 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)

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/