Coinbase Premium Hits Yearly Lows Amid Institutional Selloff

The Coinbase Premium Gap, which tracks the price difference between Bitcoin on Coinbase and Binance, has fallen to its lowest level in over a year.

An analyst said the move may point to weaker relative demand on Coinbase-linked venues, which are commonly associated with institutional trading.

The Coinbase Premium is the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair.

When it turns negative to this extent, it means that the price of Bitcoin (BTC) on Coinbase Advanced Trade…