Bitcoin is currently $13,550 but if you buy on CoinDesk it’s going to cost you $600 more

I’ve seen a delta between the actual price of Bitcoin and the price that CoinBase charges, and like many people have mentioned before, CoinBase charges a premium. Today though, that premium is the highest I’ve ever seen with Bitcoin selling for $600 more on CoinBase than the current price according to CoinDesk.

Here’s the current price of Bitcoin according to CoinDesk:

bitcoin-13k-coindesk

And now here’s the price taken at the exact same time on CoinBase:

coinbase-bitcoin-14k

Like I’ve said many times, I’m definitely far from being a Cryptocurrency expert so maybe I’m missing something here but it feels like a $600 price delta is pretty ridiculous. My guess is that with so many new investors jumping on the Bitcoin bandwagon many of them won’t notice…and maybe that’s what CoinBase is betting on, still it feels like I’m missing something.

Is this the product of the incredible volatility of Bitcoin right now or is CoinBase trying to make an additional profit as Bitcoin declines in price?

{ 7 comments… add one }

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  • Anunt December 24, 2017, 10:21 am

    i have also noticed this big gap difference but it usually happens on the weekends and holidays…

    Maybe it’s because of light trading but not completely sure.

    Reply
  • Joe December 24, 2017, 12:34 pm

    I do not have the confidence to invest in these currencies in one of your post you wrote that you had sold bitcoin at a low price and now it was high, the next morning it had a drop of more than 40%.

    They are not currencies in transit they are only days of great speculative increases and others a low blow to the investor is like a drug many are rich because to live on this and make who buy this much needed drug is in a market that is not really in transit.

    Reply
  • Dale December 24, 2017, 7:10 pm

    I honestly really enjoy these crypto updates, keep up the good work

    Reply
  • Francois December 24, 2017, 11:22 pm

    Hello Morgan,

    Maybe the response is Picasso:
    https://medium.com/@bitfinexed/meet-picasso-the-painter-on-gdax-c478ff8f50e5

    BTW, I improved https://Crypto.info with images…

    Reply
  • Acro December 26, 2017, 12:56 pm

    Actually, many other exchanges are more expensive, take a look at https://coinmarketcap.com/currencies/bitcoin/#markets

    Reply
  • Dave December 27, 2017, 4:20 pm

    Hi Morgan,

    I don’t think it can be artificially $600/btc higher because that would mean that they would have to give $600/btc more to sellers as well.

    Reply

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