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Bitcoin Forum > Economy > Marketplace > Service Discussion > Is Coinbase out of the GOX game??
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jwest411 (OP)
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June 20, 2013, 06:11:24 PM
 #1
As I look at coinbase right now, I can sell my coins for 106.39 or buy them for 107.35. GOX is at 111.8 & 111.88. Is coinbase no longer using GOX?
CurbsideProphet
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June 20, 2013, 08:37:03 PM
 #2
Quote from: jwest411 on June 20, 2013, 06:11:24 PM
As I look at coinbase right now, I can sell my coins for 106.39 or buy them for 107.35. GOX is at 111.8 & 111.88. Is coinbase no longer using GOX?

It would be nice if they stopped pegging to Gox.  I'm thinking with the USD halt, there's a lot of people selling on Coinbase so they might be loaded up with a surplus of coins they want to unload, thus the lower price.  Just speculation of course.
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Stephen Gornick
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June 20, 2013, 09:48:43 PM
 #3
Quote from: jwest411 on June 20, 2013, 06:11:24 PM
Is coinbase no longer using GOX?

I see that BitPay is no longer using that BTC/USD market:
 - http://blog.bitpay.com/2013/06/important-update-on-bitpay-exchange.html
 - https://bitpay.com/bitcoin-exchange-rates
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sayulita
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June 20, 2013, 11:47:02 PM
 #4
After your account with Coinbase is verified how long does it take to receive coins in your wallet?
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joesmoe2012
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June 21, 2013, 12:32:12 AM
 #5
Quote from: sayulita on June 20, 2013, 11:47:02 PM
After your account with Coinbase is verified how long does it take to receive coins in your wallet?

Once the ACH clears from your bank.


Looks like nobody is working with gox anymore Sad

Now I'm worried about my pending wires.
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June 22, 2013, 05:56:10 AM
 #6
https://btc-e.com/exchange
btc-e has also been lower than Gox for several days. I think Gox isn't going to maintain a standard price for BTC everywhere anymore, the exchanges will find equilibrium on their own
jasinlee
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June 23, 2013, 05:58:19 PM
 #7
Has coinbase pointed out what market they are using now?
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zoinky
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June 23, 2013, 06:10:52 PM
 #8
Quote from: jasinlee on June 23, 2013, 05:58:19 PM
Has coinbase pointed out what market they are using now?

They use many different markets to find the best price.  Its been this way since 2012, they never stuck solely to MtGox. http://support.coinbase.com/customer/portal/questions/625180-where-are-your-bitcoins-coming-from-when-i-purchase-them-
jasinlee
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June 23, 2013, 06:13:52 PM
 #9
Lol so they are running an internal exchange without charts/prices etc when it benefits their site. Excellent for their bottom line, terrible for the customer.
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CurbsideProphet
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June 23, 2013, 10:16:49 PM
 #10
Quote from: sayulita on June 20, 2013, 11:47:02 PM
After your account with Coinbase is verified how long does it take to receive coins in your wallet?

Typically about 5 business days.
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