Coinbase–Binance BTC price spread hits year-to-date high as markets watch for convergence trend after arbitrage resum
Original headlineCoinbase 与币安 BTC 价差创年内新高，市场关注套利恢复后的收敛趋势
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Coinbase's bitcoin price traded at its deepest discount to Binance of the year on November 1, according to crypto market analysis account intangiblecoins, after adjusting for USDT exchange rate effects. The widening spread between the two exchanges is typically used to gauge funding demand across markets, but arbitrage activity was constrained while Binance had suspended withdrawals, meaning the discount may not accurately reflect genuine US buying demand. With Binance progressively restoring withdrawals, traders are watching whether the Coinbase-Binance spread converges back toward normal levels, which would signal that cross-exchange arbitrage mechanisms are functioning again.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Binance, Coinbase (COIN), BTC (BTC)
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