Hey all, how many of you are using both Coinbase and Circle? I am wondering your thoughts on if you think some thin arbitrage opportunities may arise between the two. As of this post:
1BTC on Coinbase: $482.94
1BTC on Circle: $486.23
Obviously there are fees for both on withdrawing, and I have not yet withdrawn any funds from Circle to bank or Credit Card. I would say that both sites are equally easy to use. The main difference being the ability to use a credit card on Circle.com.
Circle also has the ability to withdraw funds to a credit card (which is an option I haven't seen available) besides on BTC-E.
How many of you have switched over to Circle from Coinbase? Does anyone know which exchange Circle is pegged to?
Your price difference is only ~$4, which works out to roughly 1%. This is equal to what coinbase will generally charge via it's spread. Since both of these sites have two prices, one to buy and one to sell, they are really not designed for arbitrage like this