Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals

Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals


A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price.

Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes

In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance.

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The quant shared a chart below that shows how this war for dominance has played out over the past decade.

As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase.

The analyst notes that the difference between the two would be even higher when

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