Coindesk Logo

As Bitcoin Soars, Prices Diverge Wildly Across Exchanges

As Bitcoin Soars, Prices Diverge Wildly Across Exchanges

As Bitcoin Soars, Prices Diverge Wildly Across Exchanges

The world's largest bitcoin exchanges are reporting significantly varying prices as the cryptocurrency's price soars to new all-time highs.

The world's largest bitcoin exchanges are reporting significantly varying prices as the cryptocurrency's price soars to new all-time highs.

The world's largest bitcoin exchanges are reporting significantly varying prices as the cryptocurrency's price soars to new all-time highs.

AccessTimeIconDec 7, 2017, 4:23 PM
Updated Aug 18, 2021, 7:38 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.