How did the Nov. 2 XRP discount change after adjusting for USDT?

The apparent Coinbase discount fell from 0.168% to 0.006% after Binance’s XRP/USDT price was converted using Coinbase’s USDT/USD rate.

Did the dollar adjustment eliminate XRP price gaps on every day?

No. Coinbase remained cheaper by 0.066% on Oct. 30 and 0.078% on Oct. 31 in the adjusted daily comparisons.

What did the separate 60-minute XRP comparison show?

For Nov. 2 from 12:00 to 12:59 UTC, the median raw gap was -0.128%; the adjusted median was about +0.006%.

What would make a Coinbase XRP discount a stronger demand warning?

A discount that persists after currency conversion alongside comparatively heavier seller-initiated XRP trading over equivalent windows would be more persuasive.

Why might a small adjusted XRP price gap not be executable?

The comparison uses candle closes and does not account for bid-ask spreads, fees, rounding or differences between venues that can affect execution.

〽️NEUTRAL 12m ago

CryptoSlate

XRP’s Coinbase Discount Nearly Vanishes After USDT Adjustment

The comparison highlights how quote-currency conversion can change a venue premium reading, while small residual gaps and limited observations leave demand conclusions uncertain.

Zipp Editorial Aggregated from CryptoSlate

XRP’s Coinbase Discount Nearly Vanishes After USDT Adjustment

XRP traded at $1.2481 on Coinbase and 1.2502 USDT on Binance at the Nov. 2 close. Converting Binance’s quote with Coinbase’s USDT/USD rate of $0.99838 cuts the apparent Coinbase discount from 0.168% to 0.006%.

The adjustment narrows the gap across seven completed daily observations from Oct. 27 to Nov. 2, but does not erase it every day. Coinbase remained cheaper by 0.066% on Oct. 30 and 0.078% on Oct. 31; the adjusted gap was a 0.002% premium on Nov. 1.

A separate 60-minute sample on Nov. 2 showed a median raw gap of -0.128% and a dollar-adjusted median of about +0.006%. The Coinbase Premium Index had shown an approximately -0.16% reading, but that figure alone does not establish continued selling pressure.

For a stronger relative-demand signal, a discount would need to persist after currency conversion alongside heavier seller-initiated XRP trading over comparable periods. The residual gaps are small, and candle-close comparisons do not account for spreads, fees, rounding or execution costs.

$XRP #Coinbase #Binance #USDT

Frequently asked questions

How did the Nov. 2 XRP discount change after adjusting for USDT?

The apparent Coinbase discount fell from 0.168% to 0.006% after Binance’s XRP/USDT price was converted using Coinbase’s USDT/USD rate.
Did the dollar adjustment eliminate XRP price gaps on every day?

No. Coinbase remained cheaper by 0.066% on Oct. 30 and 0.078% on Oct. 31 in the adjusted daily comparisons.
What did the separate 60-minute XRP comparison show?

For Nov. 2 from 12:00 to 12:59 UTC, the median raw gap was -0.128%; the adjusted median was about +0.006%.
What would make a Coinbase XRP discount a stronger demand warning?

A discount that persists after currency conversion alongside comparatively heavier seller-initiated XRP trading over equivalent windows would be more persuasive.
Why might a small adjusted XRP price gap not be executable?

The comparison uses candle closes and does not account for bid-ask spreads, fees, rounding or differences between venues that can affect execution.

Source attribution

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