Bitcoin on $3K discount at Binance.US, but there’s a catch
Bitcoin is being sold at a discount of nearly $3,000 on Binance US compared to global spot prices.
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1080" height="564" />)
The cryptocurrency is currently trading at around $27,536 on the exchange, an 8.5% discount from the global spot price of $30,106. Other cryptocurrencies like Ethereum and stablecoins are also trading at a discount on Binance US. However, the discount only applies when trading against fiat USD on the platform, and Binance US users have been unable to deposit new USD since June 9. Concerns about the halt of USD withdrawals on Binance US have led some users to trade their cryptocurrencies below market value. The last day for USD withdrawals is reportedly set to be July 20. Similar situations have occurred with other currencies on Binance branches, such as the Australian dollar, which saw a 20% price drop for BTC compared to global spot prices.
8 comments