Ripple November 2 closing price gap 0.168%→0.006%, converted to USDT
Original headline리플 11월 2일 종가 격차 0.168%→0.006%, USDT 환산
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Coinbase’s XRP/USD close of $1.2481 was 0.168% below Binance’s XRP/USDT close of 1.2502 USDT on Nov. 2, but the gap narrowed to 0.006% after converting USDT to dollars using Coinbase’s USDT/USD close of $0.99838. The comparison used UTC daily candles ending Nov. 3 at 9 a.m. KST, with CryptoSlate converting exchange closes to dollar terms. The near-elimination of the spread shows that most of the apparent cross-exchange discrepancy came from USDT’s slight discount to the dollar rather than from XRP pricing itself. Traders should watch whether Coinbase’s USDT/USD rate returns closer to $1.00 and whether the XRP price gap stays minimal in subsequent daily closes.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
XRP (XRP), Binance, Coinbase (COIN), USDT, CryptoSlate
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