Retail vs. Institutional Bitcoin Volume Ratio [@joemccann]

Retail Exchanges

Binance
Bitstamp
Coinbase
Kraken
Bithumb
BitFlyer
OkEx
CEX
Huobi

Institutional Exchanges

Bitfinex
Bitmex


The ratio measure the (total volume of retail exchanges) / (total volume of retail exchanges + total volume of institutional exchanges).

Imperfect. Not investment advice.

H/T cryptorae for the original version.