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. <img class="wp-image-306246 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/03/coinbase.png" alt="Exchange Netflow Coinbase : (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/03/coinbase.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/03/coinbase-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/03/coinbase-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/03/coinbase-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/03/coinbase-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /> Exchange Netflow Coinbase : (Source: Glassnode) <img class="wp-image-306247 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/03/gemini.png" alt="Exchange Netflow Coinbase : (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/03/gemini.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/03/gemini-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/03/gemini-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/03/gemini-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/03/gemini-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /> Exchange Netflow Coinbase : (Source: Glassnode) <img class="wp-image-306248 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/03/kraken.png" alt="Exchange Netflow Coinbase : (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/03/kraken.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/03/kraken-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/03/kraken-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/03/kraken-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/03/kraken-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /> Exchange Netflow Coinbase : (Source: Glassnode) The post Retail investors’ habits vary between exchanges when it comes to Bitcoin appeared first on CryptoSlate .

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