Bitcoin was trading at a 20% discount on Binance’s Australia arm on Tuesday, compared with rival exchanges, after Binance Australia halted AUD bank transfers earlier this month. LedesmaLyllah reports.
Binance Australia also had its derivatives licenseassured
customers that it will continue to operate in Australia, the effort hasn't successfully addressed the issue, according to Mahmoud. “This is evidenced by record-low trading volumes for the BTC/AUD pairs,” he said. Daily trading volumes on Binance for the BTC/AUD pair were at 12,293,856.55 on May 18 prior to the announcement, and dropped to a low of 912,297.20 on May 20, according to CCData.
“According to our data, despite the significant discount, arbitrageurs are taking advantage of the lower prices, suggesting that the problem may be resolved once the funds are transferred to USDT.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt – Exchanges Bitcoin NewsCustomers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday.
Leer más »
Bitcoin Discount Emerges on Binance Australia Ahead of Payment CutoffBitcoin and other digital tokens were trading at a discount on Binance Australia versus rival exchanges in the country with the platform set to be cut off from a key local currency withdrawal route.
Leer más »
BTC, ETH, SOL Trade at Discount on Binance Australia, Here's What HappenedBitcoin (BTC), Ethereum (ETH), Solana (SOL) going for discount on Binance Australia $BTC $ETH $SOL
Leer más »
Binance NFT Launches NFT VIP Program | Binance SupportIntroducing the NFT VIP program to Binance NFT! Launching on June 1, 2023, this program will give NFT VIPs access to lower trading fees and other exclusive benefits on TheBinanceNFT marketplace. Find out more 👉
Leer más »
Binance Talks x Paying with Crypto | Binance LiveWe're now live with BinanceTalks Paying with Crypto. Watch to win your share of $1,000 in rewards! Here's how: 🔸 RT this tweet 🔸 Watch the event 🔸 Reply below with your learnings The 10 most detailed/creative replies will win! Watch here ➡️
Leer más »
Biggest Movers: BNB Hits 20-Day High, as LTC Extends Recent Gains – Market Updates Bitcoin NewsLitecoin rose for a sixth consecutive session to start the week, as bullish sentiment returned to cryptocurrency markets.
Leer más »