Ripple CTO Exposes Hidden Fees in Coinbase Bitcoin Trades During Crash

Bitcoin experienced intense volatility in early Monday trading, reaching a high of $107,137 before plunging to $102,105. This price movement triggered widespread concern among traders and spotlighted a noticeable pricing gap on Coinbase.

A user on X highlighted that Bitcoin was listed at $103,500, but buying on Coinbase costs $104,500. By contrast, the car could be purchased for only $101,950, making people wonder about additional risks associated with market fluctuations.

Also Read: Virtuals Protocol (VIRTUAL) Price Forecast 2025–2029: Can Virtuals Protocol (VIRTUAL)  Hit $12.50?

Ripple CTO Weighs In on Coinbase’s Trading Model

Ripple’s Chief Technology Officer, David Schwartz, commented on the post, specifically regarding the platform’s pricing. The founder suggests that people understand the difference between trading on the Coinbase order book and using Coinbase as a broker.

He observes that using the order book saves users money in commissions and gives them smaller price differences. At the same time, brokers might charge extra in the background, such as larger exchange fees and higher prices. When volatility is high, it becomes simpler to see these costs when markets become tighter as prices change suddenly.

Crypto Liquidations Surge as Traders Face Losses

With the market deteriorating, many traders had to cut their positions for a loss. According to CoinGlass, more than $669 million of crypto assets were liquidated. Bullish traders lost $465 million, with short traders behind at $203 million.

The price of XRP also dropped by 3.91 percent in a single day, ending at $2.31. All other major cryptocurrencies also fell, wiping out their gains from the weekend.

David Schwartz’s explanation helped uncover the real reason behind Coinbase’s pricing gap. As long as the market is unstable, traders should understand how exchange platforms function to avoid any surprise charges during trading.

Also Read: Stratis (STRAX) Price Prediction 2025–2029: Will STRAX  Hit $ 0. 2400 Soon?

 

The post Ripple CTO Exposes Hidden Fees in Coinbase Bitcoin Trades During Crash appeared first on 36Crypto.