The metric known as the Coinbase premium has hit a new record low, remaining in negative territory for an unprecedented 60 days. This indicator measures the difference between Bitcoin prices on Coinbase and those on other major exchanges. A negative premium suggests that users are paying less to buy Bitcoin on Coinbase than elsewhere.
Source
"Coinbase Premium Hits Record Low, but What Does it Mean?" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The prolonged period of negative premiums may seem alarming at first glance, but experts believe it could be a sign of increased competition among cryptocurrency exchanges.
BTC · 7D · $63,067−1.6%