Definition. The total amount of coins (USD) held on exchange addresses. Coins are broken out by individual exchange so each venue's share is read separately.

Technical. Exchange metrics are based on Glassnode's continually updated set of labeled exchange addresses, together with statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as labels update. For methodology and limitations, see our article on exchange metrics and Exchange Data Transparency Notice.