20 Apr '17, 8pm

Spreads Widen at Bitcoin Exchanges Amid Bitfinex Banking Issues

Spreads Widen at Bitcoin Exchanges Amid Bitfinex Banking Issues

Bitfinex's banking issues appear to be affecting the wider bitcoin exchange markets. As fiat withdrawal problems at the world's largest US dollar bitcoin exchange continued today, the spread between bitcoin prices observed on Bitfinex and other international exchanges surged, rising to more than $90, or roughly 7%, in some cases. At approximately 17:15 UTC, for example, bitcoin traded at $1,325 on Bitfinex, roughly $92 (or 7% higher) than the price of $1,233 observed on itBit, according to data from the CoinDesk Bitcoin Price Index (BPI ). The spread was similar on Bitstamp and CoinBase's GDAX exchange – where the digital currency traded at an $85 spread at that time. The difference was smaller when observed on OKCoin, though OKCoin has also reported banking issues in recent days . These figures were sharply higher than the start of the session, when bitcoin was trading at...

Full article: http://www.coindesk.com/spreads-widen-bitcoin-exchanges-a...

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