[Wall Street liquidity radar] Coinbase Prime volume surges, but U.S. buying recovery remains unclear

Bitcoin continued to trade at a discount on Coinbase relative to Binance, suggesting subdued U.S. buying demand. Coinbase Prime trading volume rose sharply, but the increase alone does not establish a recovery in institutional buying. The rise in activity at the institutional trading venue came as the U.S. price discount persisted. Greater participation has yet to provide clear evidence of stronger buying demand. The Coinbase premium stood at -0.18% on October 30.