Gatehub lagging behind on XRP-USD price.

[akashmehta]

This is the official wallet listed on Ripple's website but still the XRP-USD price is lower than major exchanges. What could be the reason? Just curious.

[knoxy]

Yeah good call! Has been something that has annoyed me a lot but being in NZ I don't have many choices for exchanges. 

[akashmehta]

1 minute ago, knoxy said:

Yeah good call! Has been something that has annoyed me a lot but being in NZ I don't have many choices for exchanges. 

Yeah, everywhere else it is soaring beyond $ 0.5 and gatehub is still around .437

[rootvegetable]

It's not actually trading much below market. For some reason there is a reporting error happening on coinmarketcap and possibly elsewhere. If you log on to gatehub you can see the order books and they are pretty close to market price. Although at times, for a few hours here and there I have seen gatehub lag behind by as much as 10c, but it doesn't last long.

[akashmehta]

18 minutes ago, rootvegetable said:

It's not actually trading much below market. For some reason there is a reporting error happening on coinmarketcap and possibly elsewhere. If you log on to gatehub you can see the order books and they are pretty close to market price. Although at times, for a few hours here and there I have seen gatehub lag behind by as much as 10c, but it doesn't last long.

I agree to that but when market goes down it is the first one to go down and when it is going up it takes hours to go up. Kind of weird. 

[XRP-4live]

Never use the exchange at gatehub!!! Use Trade than you get the ok price

[XRPesusChrist]

My opinion is probably due to the difficulty of setting up the account and the majority who currently use Gatehub invested 'older' money when the price was hovering at 20c. before the recent boom. i think maybe in a week or so any new accounts being raised following the current rapid expansion of new investors and GH accounts should then level the price up as they will invest at the overall market cost.

simply put, I think the 'older' users do not see value in paying the current market rate @50c.+ 

[EasterBunny]

Price still lagging by 0.1 on gatehub. My guess is that there is not enough USD.Gatehub available on the network to buy XRP, and the people that deposit into gatehub tend to buy and hold. I have a friend waiting for verification since 11/24, so there may be a wave of new money waiting to get in.

[Javim777]

Good place to buy small amounts, cheap XRP. 

[Guest]

Price is way off on gatehub. 

[rainbowhunter]

3 hours ago, DjemDiamond said:

Price is way off on gatehub. 

Yell me about it!! my wallet value USD / no of XRP = 0.382 cents, sure it will catch up at some point?

Edited December 14, 2017 by rainbowhunter

[ThomasV]

I suppose there is arbitrage opportunity here, as of 12/14/17  7:15 AM EST, In addition the credit card buy option on Bitstamp may be driving a higher demand.

Edited December 14, 2017 by tvm67

[ThomasV]

issues got worse as of 12:30 est on 12/14, wish I knew how to get that arbitrage easy,  too busy with other stuff. ughh

[Broncofan1983]

I have also noticed the difference in price.  My question is, when I decide to sell some of my xrp, how do I do that and get the best price?  It seems like if I sell them on gatehub I will lose money, whether I convert to BTC or USD on gatehub, if their price is lagging then I lose money regardless.  Should I send the xrp to bitstamp first???