Ripple CTO David Schwartz recently weighed in on a discussion on X sparked by a post by a user who pointed out a disparity in Bitcoin prices on Coinbase. The cryptocurrency market experienced volatility in the early Monday session, with Bitcoin falling to a low of $102,105 after reaching a high of $107,137 earlier.

The X user pointed out the gap in the Bitcoin price on Coinbase, saying, "Bitcoin is currently $103,500. If you want to buy on Coinbase, they charge $104,500. If you want to sell, it’s $101,950."

You Might Also Like
Sat, 05/10/2025 - 13:22 Ripple CTO Predicts Major Shift With ZK Proofs: Details ByTomiwabold Olajide
HOT Stories No More Satoshis? Eccentric Proposal Supported by Jack Dorsey Breaking: Strategy Announces $765 Million Bitcoin Purchase, Faces Class Action Lawsuit Stellar (XLM) Short-Term Price Warning Issued: Details XRP Sees Abnormal 36,283% Liquidation Imbalance in Bulls' Bloodbath

The post drew the attention of the Ripple CTO, who responded by offering insights into the mechanics behind Coinbase's pricing model. Schwartz inquired, "Are you placing offers on their order book, or are you using them as a broker to buy and sell? The pricing for these two services is very different."

Schwartz’s response highlights the difference between placing offers on the Coinbase order book and using the platform as a broker to buy and sell, with each having its attendant costs.

Spread explained

The discussion between the Ripple CTO and the X user highlights the concept of spread when buying or selling cryptocurrencies, which is the difference between the asset's current market price and the price at which it is purchased or sold.

Crypto exchanges, such as Coinbase, frequently include a spread in the price at which users buy and sell cryptocurrencies and an exchange rate when users convert.

You Might Also Like
Mon, 05/19/2025 - 06:01 Bitcoin Logs All-Time High Weekly Candle ByAlex Dovbnya

Following Sunday's gain, the crypto market reversed direction in the early Monday trading session, with nearly all major cryptocurrencies trading lower. XRP fell 3.91% in the last 24 hours to $2.31. Bitcoin climbed to an all-time high of $107,137 early Monday before reversing course and falling to an intraday low of $102,105.

According to CoinGlass data, more than $669 million in crypto holdings were liquidated during the recent market volatility, with bullish positions accounting for $465 million and short positions accounting for $203 million.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。