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by foobar2020
3063 days ago
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Well there are more people that are willing to pay than just Coinbase. A more comprehensive answer would be that arbitrage is not that up to speed in the Bitcoin world, especially in KRW and JPY markets:
https://coinmarketcap.com/currencies/bitcoin/#markets Used to be that crypto is massively overpriced there, now it looks like Korea and Japan are leading this price fall. |
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Or that folks trust their ability to get money out of Coinbase more than the other exchanges.