Coinbase Bitcoin discount to Binance hits 2026 high after Binance withdrawal pause

The price difference between Bitcoin on Coinbase and Binance reached its widest level of 2026 following disruptions at Binance related to a recent security breach. Market data from November 1 revealed that Bitcoin was significantly cheaper on Coinbase than on Binance, even after adjusting for USDT’s dollar value. The spread widened sharply as Binance suspended withdrawals in response to unauthorized transfers from its hot wallets on October 29. November 1 market data highlighted the largest negative spread this year between Coinbase’s BTC-USD and Binance’s BTC-USDT trading pairs. This calculation adjusts for the value of Tether (USDT) against the US dollar, providing a direct comparison for traders tracking Bitcoin prices across platforms.

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