Why is there a lag in the Coinbase price compared to other exchanges?
Mudra NidhiDec 26, 2021 · 3 years ago1 answers
Can you explain why the price of cryptocurrencies on Coinbase often lags behind other exchanges?
1 answers
- Dec 26, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that the lag in the Coinbase price compared to other exchanges is a result of various factors. One major factor is the difference in liquidity between Coinbase and other exchanges. Coinbase may have a smaller number of buyers and sellers, which can lead to slower price movements. Additionally, Coinbase has a more stringent listing process, which means that new cryptocurrencies may take longer to be listed on their platform. This can cause a delay in price updates for certain coins. It's also important to consider that Coinbase may experience technical issues or delays in updating their prices due to high trading volumes or system maintenance. Overall, these factors contribute to the lag in the Coinbase price compared to other exchanges.
Related Tags
Hot Questions
- 90
How can I minimize my tax liability when dealing with cryptocurrencies?
- 83
What are the best practices for reporting cryptocurrency on my taxes?
- 70
Are there any special tax rules for crypto investors?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 33
How can I protect my digital assets from hackers?
- 30
How can I buy Bitcoin with a credit card?
- 20
How does cryptocurrency affect my tax return?
- 19
What are the best digital currencies to invest in right now?