Ethereum

Bitcoin

Bitcoin is selling for a nearly $3,000 discount on <a target="_blank" href="https://tokeninsight.com/en/exchanges/binance-us">Binance.US</a>, providing a significantly better rate than global spot prices.
Bitcoin is currently trading at $27,819 on the exchange against the U.S. dollar, which is around an 9% discount from global spot USD prices of $30,106 at the time of writing.
Other cryptocurrencies are also trading at a discount in U.S. dollar terms. Ethereum prices are around $100 cheaper on Binance.US, trading for $1,720 at the time of writing.
<img src="https://s2.tokeninsight.com/static/calendar/img20230710053235704b05f9-b083-42bb-8f66-456d1c7c6a71.jpg">
However, while the crypto discounts look enticing for an arbitrager, the reality is that most investors will not be able to take advantage of them.
This is because the discount only applies when a cryptocurrency is traded against fiat USD on the crypto exchange.
The problem is, Binance.US users have not been able to deposit new USD into the platform since June 9, when it was suspended. Effectively, this means that the discounted cryptocurrencies can only be bought with any USD already sitting on the account before the suspensions.
&nbsp;
<a target="_blank" href="https://tokeninsight.com/en/cryptocurrencies">TokenInsight</a> is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>. Your trust will be well respected.

Bitcoin Trading at 9% Discount on Binance.US, but Not Everyone Can Arbitrage

TokenInsight

Other articles published on Jul 10, 2023

Ripple Conquering $5 Trillion Dollar Market with Real Estate Tokenization – Can It Drive XRP Pric...

UN Hosts Robot Press Conference on AI State

Binance Coin (BNB) Joins Uptrend, Here's Reason

Bitcoin Community and Adam Back Respond to Elon Musk's New Tweet

Ethereum Triggers Correction Toward $1,900 – Will Bulls Support ETH Price Further?

PancakeSwap Innovates the Trading Experience with Its Latest Collaborator Google Cloud

Join our free newsletter for daily crypto updates!