Exchange movement
Coinbase Regulated ExchangeCoinbase exchange flows, tracked live.
The largest US-regulated exchange and the custodian behind most American spot Bitcoin and Ethereum ETFs. Review labeled deposits and withdrawals by asset, counterparty, and time. Movement shows where assets went; it does not reveal intent or predict price.
A deposit means value moved toward a labeled exchange wallet. A withdrawal means value moved away. These labels describe the route, not whether someone bought, sold, hedged, rebalanced, or intended a future action. Use the counterparty, asset, time, and transaction record for context.
Window30 days Transfers1302 UpdatedSep 25, 09:47 PM UTC
Flow split
Coins and stablecoins
Keep the asset buckets separate: they describe different kinds of movement.
Coins
Net outflow$5.4B in$7.4B out
In the last 30 days, labeled Coinbase wallets received $5.4B in coins and sent $7.4B. The recorded direction is net outflow; movement alone does not show intent.
Stablecoins
Movement context$5.4B in$5.6B out
In the last 30 days, more stablecoin value left on labeled Coinbase wallets. This is a movement measure, not a claim about buying, selling, or future price.
Largest rows
Biggest labeled moves
The largest visible deposits and withdrawals by USD value in this window.
Deposits
- 01$231.6Mfrom 32SUvV...dUv7 · Sep 22, 05:29 PM UTCBTC
- 02$227.9Mfrom 3G8rZk...kQym · Sep 25, 01:40 AM UTCBTC
- 03$180.3Mfrom 3QokAE...UaTy · Sep 25, 02:59 AM UTCBTC
- 04$164.8Mfrom ARK Invest: ARKB 21Shares Bitcoin ETF · Sep 11, 08:38 PM UTCBTC
- 05$117.3Mfrom QCP Capital: WBTC Merchant Deposit Address · Sep 25, 02:48 PM UTCBTC
- 06$115Mfrom bc1q5v...gte7 · Sep 18, 01:58 AM UTCBTC
Withdrawals
- 01$339.7Mto bc1qge...cew0 · Sep 17, 05:52 PM UTCBTC
- 02$231.3Mto 32SUvV...dUv7 · Sep 22, 04:30 PM UTCBTC
- 03$228.6Mto 3QokAE...UaTy · Sep 25, 02:46 AM UTCBTC
- 04$203.2Mto 0x09e0...8a4a · Sep 2, 11:58 AM UTCUSDC
- 05$199.9Mto OnOfframpManager · Sep 17, 02:05 PM UTCUSDC
- 06$177Mto 1tVhN8...UzBy · Sep 16, 03:15 PM UTCBTC
Live feed
Live Coinbase flow feed
Recent labeled deposits and withdrawals. Open a row to verify the transaction details.
DirectionAssetAmountCounterpartyTime
Asset mix
Asset split
Deposit and withdrawal volume by asset over 30 days.
Counterparties
Top counterparties
Labeled entities connected to the largest visible flow volume.
Read the route
How to read exchange movement
A deposit means value moved toward a labeled exchange wallet. A withdrawal means value moved away. These labels describe the route, not whether someone bought, sold, hedged, rebalanced, or intended a future action. Use the counterparty, asset, time, and transaction record for context.
FAQ
Coinbase exchange flows FAQ
Short answers about netflow, labels, counterparties, and intent.
What are Coinbase exchange flows?
They are large transfers between labeled Coinbase wallets and external addresses. Deposits move toward the exchange; withdrawals move away.
Does a large deposit to Coinbase mean a sale?
No. It confirms a deposit route. The transfer may support custody, settlement, collateral, rebalancing, or another operation that is not visible from the row alone.
Why separate coins from stablecoins?
The buckets make the asset composition visible. Coin movement and stablecoin movement can have different operational contexts and should not be collapsed into one claim.
Are internal exchange wallet moves included?
The public aggregation is designed around labeled external flow and excludes internal Coinbase wallet rotation where the data can identify it. Check each row for the available labels.
Keep tracking
Review Coinbase flow with the evidence visible.
Use the dashboard for longer history and filters, or follow Telegram alerts for notable exchange movement.