Coinbase-Binance BTC Price Spread Hits Intra-Year High as Market Watches Convergence Post-Arbitrage Resumption

on November 1, according to monitoring by crypto market analysis account intangiblecoins, the Bitcoin discount on Coinbase relative to Binance reached its highest level this year after adjustments for the USDT exchange rate.

Analysis indicates that price differences between exchanges are typically used to gauge liquidity demands across different markets, but during the period when Binance suspended withdrawals, cross-platform arbitrage activities were somewhat restricted, making it uncertain whether this spread accurately reflects the actual trading demand in the U.S. market.

As Binance gradually resumes withdrawals, the market will monitor whether the Bitcoin price spread between Coinbase and Binance narrows, in order to determine whether price differences can return to normal levels following the resumption of cross-platform arbitrage mechanisms.