Insights
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.