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Coinbase uses bitstamp under the hood. It's just a mapping of bitstamp to the north american market.



Really? That's news to me.


They don't run their own exchange, except presumably when their own customers happen to have matching trades. Otherwise they use bitstamp as the clearing house - they basically act as a brokerage. The price you see on their site is just a filtered version of the current bitstamp price:

http://www.reddit.com/r/Bitcoin/comments/1mjjfb/how_i_succes...




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