Insights

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

exchange68September 13, 2024

0 0 1 minute read

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)

Analyst

James Van Straten

Former Lead Analyst at 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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