The world’s largest bitcoin exchanges by trade volume are reporting significantly varying prices as the cryptocurrency’s price soars to new all-time highs, market data shows.
In some cases, the differences amount to more than $2,000 in value, particularly among some of the most voluminous exchanges.
On Coinbase’s GDAX exchange, for example, the price of bitcoin is trading above $18,259.00 as of press time. This value represents a significant premium over the price currently being reported on Bitfinex, where bitcoin is trading at $15,592.
At the same time, it’s a considerable amount less than the prevailing price on Bithumb, South Korea’s most voluminous exchange, and local exchanges Coinone and Korbit, all of which are seeing prices above $19,000 (denominated in the won, the country’s national currency).
Additional data from CoinMarketCap highlights the price disparities, though it seems that a number of the top-10 exchanges are seeing prices below $16,000, including Bitstamp, Gemini and HitBTC.
Coinbase isn’t alone in seeing bitcoin prices above $16,000. Japan-based bitFlyer is reporting bitcoin prices at $16,719.40 as of press time, while BitMEX is trading at roughly $17,200.
The varying prices come as bitcoin’s value surges to new highs. According to CoinDesk’s Bitcoin Price Index (BPI), the price of bitcoin has added more than $2,700 since the start of the day’s session.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in bitFlyer and Coinbase.
Rollercoaster via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at firstname.lastname@example.org.
Source: Coin Desk