Alex Thorn: Coinbase vs. Binance BTC price spread reaches highest level this year

Alex Thorn, head of research at Galaxy, said that the adjusted discount of Bitcoin to USDT on Coinbase has widened to its largest level this year. Binance's suspension of withdrawals has restricted cross-platform arbitrage activities. As Binance resumes withdrawals, the price difference between the two exchanges will need to be monitored.