# Coinbase Bitcoin Discount Against Binance Hits 2026 High By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45887 Published: 2026-11-01T14:04:56.000Z Updated: 2026-11-01T14:04:56.000Z Section: Investing > Binance’s withdrawal pause constrained arbitrage and made the spread a less reliable U.S. demand signal. Withdrawals have since resumed. The Coinbase-Binance price gap for Bitcoin (BTC) reached its widest point of 2026, with Coinbase trading at a discount to Binance’s USDT-adjusted price. The spread compares prices for the same asset on two exchanges, making it a relative measure rather than a standalone reading of U.S. buying. Binance’s earlier withdrawal suspension constrained arbitrage between the exchanges. That made the gap a less reliable signal of underlying U.S. market demand while the pause was in effect. Binance has restored withdrawals, and whether the spread narrows gradually remains to be seen. A narrower gap would mean Coinbase’s relative discount had shrunk compared with Binance’s USDT-adjusted price. Earlier [Coinbase price comparisons]() found that readings differed by venue, with Coinbase near parity against some dollar-based exchanges. ## Links in this article - [Coinbase price comparisons](https://www.tokenpost.com/news/investing/31071)