Bitcoin Forum

Economy => Exchanges => Topic started by: Preclus on May 26, 2017, 10:02:16 PM



Title: Why the huge spread between exchanges?
Post by: Preclus on May 26, 2017, 10:02:16 PM
CEX.IO    BTC/USD    $ 2,391.14    

Gemini    BTC/USD    $ 2,285.17    

Bitfinex    BTC/USD    $ 2,194.80    

Livecoin    BTC/USD    $ 2,150.00    

Huobi    BTC/USD    $ 1,880.42    


A $500 spread? I could understand a huge spread between a large exchange and a smaller one but there appears to be a $100+ spread amongst even the largest exchanges as well. How is one supposed to know what exchange to use?


Title: Re: Why the huge spread between exchanges?
Post by: Preclus on May 26, 2017, 10:30:30 PM
CEX.IO    BTC/USD    $ 2,391.14    
Gemini    BTC/USD    $ 2,285.17    
Bitfinex    BTC/USD    $ 2,194.80    
Livecoin    BTC/USD    $ 2,150.00    
Huobi    BTC/USD    $ 1,880.42    

20 minutes after the above post, bitcoin moved around $100 lower on Bitfinex and Livecoin but only $60 on CEX.IO and $35 on Gemini, causing the spread to widen even further between exchanges.

CEX.IO    BTC/USD    $ 2,334.08
Gemini    BTC/USD    $ 2,250.02
Bitfinex    BTC/USD    $ 2,095.00
Livecoin    BTC/USD    $ 2,040.00
Huobi    BTC/USD    $ 1,807.05


Title: Re: Why the huge spread between exchanges?
Post by: Pursuer on May 27, 2017, 02:43:50 AM
CEX.io is mostly working with credit cards and the fees may be a bit higher than other methods to deposit money and because of that price can be a little crazy sometimes.
bitfinex is lower because the deposits are disabled for some time now and with no deposit people ran out of money to buy bitcoin and price stays lower.
gemeni has a more logical price
I have no idea about livecoin! I don't hear about it much.
Huobi is mostly Chinese exchange and they still have problems with PBoC despite all the good news the deposits there is still not resumed.

- these are my assumptions mostly, it can have a lot of different reasons.


Title: Re: Why the huge spread between exchanges?
Post by: MingLee on May 27, 2017, 02:49:43 AM
CEX.IO    BTC/USD    $ 2,391.14    

Gemini    BTC/USD    $ 2,285.17    

Bitfinex    BTC/USD    $ 2,194.80    

Livecoin    BTC/USD    $ 2,150.00    

Huobi    BTC/USD    $ 1,880.42    


A $500 spread? I could understand a huge spread between a large exchange and a smaller one but there appears to be a $100+ spread amongst even the largest exchanges as well. How is one supposed to know what exchange to use?
Welcome to the entire market scene over the past 2 weeks bud. This stuff was happening for the entire time bitcoin was being pumped and it was making no sense to see such wide spreads. Now it's all going to correct and come closer together, but I do believe that Bitcoin was starting to be inflated by Bitfinex and their issues, and then everyone started to think there was actually something happening with the market, pumping it high until we got to today.
Glad to see that the market is going/has fixed itself.