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A look into average trade sizes on exchanges and what it means for their user bases

by Matthew Yamamoto

September 11, 2019, 6:51PM EDT  ·  2 min read

Quick Take

  • Based on each exchange’s average trade size, Bitstamp, itBit, and Gemini appear to have the highest concentration of institutional investors
  • Bitstamp, itBit, and Gemini’s average trade size amongst its customer base was approximately $5,000, $4,500, and $3,750 in August, respectively 
  • Binance and Poloniex had the lowest with $1,100 and $1,250, respectively

by Matthew Yamamoto

September 11, 2019, 6:51PM EDT  ·  2 min read

By looking at the trade sizes made on exchanges, we can get a better sense of each company’s customer base. Among the 10 exchanges Bitwise vetted, Bitstamp, itBit, and Gemini appear to have the largest institutional investor concentrations among their user base while Binance appears to have the heaviest retail presence.