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Bitcoin price difference

  • 12-05-2022 7:44am
    #1
    Ixlandia
    Registered Users, Registered Users 2 Posts: 68 ✭✭


    Hi all, again this morning I have noticed a difference in the quoted price of bitcoin between both binance and Coinbase apps.

    I logged into both this morning, binance quote is €26600, Coinbase is €25800, I checked both within seconds of each other.

    Is there any reason for the Disparity?



Comments

  • #2
    banie01
    Registered Users, Registered Users 2 Posts: 17,294 ✭✭✭✭banie01


    There is no universal price for BTC. The price on each exchange is different but usually within a few bps of each other.

    The differences between some exchanges can be large tho. There used to be significant arbitrage opportunity that has dampened down since the rise of the very large exchanges. Selling into Korea could net fast and significant gains until a few years ago for example.



  • #3
    Ixlandia
    Registered Users, Registered Users 2 Posts: 68 ✭✭Ixlandia


    Thanks Banie !



  • #4
    Donald Trump
    Registered Users, Registered Users 2 Posts: 20,832 ✭✭✭✭Donald Trump


    https://www.boards.ie/discussion/comment/119050371#Comment_119050371


    That curly headed double barrelled name (billionaire?) fella made his first few million at that craic



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