- The spread between Bitstamp (Europe/international) and CampBX (USSA) is much higher than the spread between MtGox and Bitstamp
This is well understood to be because Dwolla pulled the rug out from underneath them. Once ACH comes online in a few days, CampBX will be back in line with the "non-Gox" USD exchanges...that is, exchanges that you can actually pull USD out of.
And I trade on Bitstamp not because I'm planning to pull my USD out daily or something, but that I know at SOME POINT I will want to pull some USD out, and I would really like to have that option.
Plus, in the event Mt. Gox ever does open up USD transfers, although why bother at this point -- but if they did, then arbitrage would immediately send the Gox price down and raise up all other USD liquid exchanges to level the prices out.