Why are xrp prices so low on Kraken?

[XRPSTONE]

So everytime I go on Kraken Ripple price is very low compared to coinmarketcap.com. Is coinmarketcap misleading? For example right now coinmarketcap.com Ripple price is $3.33 but on kraken its $2.80. Anyone know why?

Thanks,

- Stone

[syns75]

the prices on CMC are a volume weighted average of worldwide exchanges, asian markets trade higher so it skews the average price posted on CMC

[automatic]

In my experience, CMC listed price always seems to be 10% or so higher than actuals seen on Kraken, Poloniex, Binance etc.   Maybe CMC pulls their price from Korean exchanges where the exchange rate is higher?

Whatever the case, go with what you see on your main exchange and ignore CMC.

[Grimpler]

Go to CoinMarketcap.com.  Click on Ripple.  Click on the markets tab.

It will show you the price Ripple is trading at on every exchange.  

Ripple always trades much higher on the 3 Korean exchanges, this is what makes the Coinmarketcap price always higher than US exchanges.

[Guest]

Binance is at 2.60 right now.   Almost $1 less than what it was this AM EST.

[XRPSTONE]

40 minutes ago, Grimpler said:

Go to CoinMarketcap.com.  Click on Ripple.  Click on the markets tab.

It will show you the price Ripple is trading at on every exchange.  

Ripple always trades much higher on the 3 Korean exchanges, this is what makes the Coinmarketcap price always higher than US exchanges.

Okay thanks got it!