Balance on Exchange Addresses - Coinbase
Balance on Exchange Addresses – Coinbase measures the total amount of ICP held across all known addresses associated with Coinbase. This metric aggregates balances from addresses labeled as belonging to Coinbase using publicly available sources, official community channels, and internal research.
How it’s calculated
- Addresses are continuously labeled and verified through official exchange disclosures, community contributions, and internal data analysis.
- The current ICP balance of each identified Coinbase address is summed to determine total holdings.
- Values are updated continuously, but may fluctuate over time, particularly for recent snapshots, due to transfers or new labeling.
What this metric highlights
- Provides insight into the amount of ICP held on Coinbase, which can serve as a proxy for liquidity, user deposits, or potential market supply availability.
- Rising balances may indicate increased deposit activity, while declining balances may reflect withdrawals, accumulation off-exchange, or trading activity.
- Helps monitor Coinbase-specific trends in exchange-held ICP, giving context to network-wide supply distribution.
Limitations
- Partial coverage: Not all Coinbase addresses are publicly known; some holdings may be untracked or misattributed.
- Dynamic balances: ICP can move frequently between addresses and exchanges, so values are snapshots and may change rapidly.
- No holder type differentiation: This metric does not distinguish between retail, institutional, or exchange-controlled reserves.
- Informational purposes only: It should be interpreted as a proxy for Coinbase-held supply, not a definitive account of all ICP on the exchange.
Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.