Coinbase XRP looked cheap on Nov. 2 despite identical market value

XRP’s apparent Coinbase discount at the Nov. 2 close shrinks from about 0.168% to 0.006% when Binance’s Tether (USDT) quote is converted into dollars. The independent exchange-price comparison separates the quote-currency effect from the remaining difference in XRP prices. The user Arab Chain on CryptoQuant reported an approximately -0.16% XRP Coinbase Premium Index reading on Nov. 2, describing it as an eight-month low and interpreting it as relatively weaker Coinbase demand. The post also cautioned that the index alone was not definitive evidence of continued downside pressure. The completed Nov.