Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
35%
Share
$2.5K
Minimum
Alex Thorn, head of research at Galaxy Digital, said Coinbase’s Bitcoin price fell to its widest discount of the year versus Binance. In a post on X, Thorn said Coinbase’s BTC discount, adjusted for the USDT price gap, had widened to its largest level this year, but it was difficult to conclude the spread signaled weakening demand from U.S. investors because arbitrage between exchanges had been constrained by Binance’s suspension of withdrawals. With Binance withdrawals now resumed, Thorn said the market should watch whether the price gap between the two exchanges narrows.