Ethereum

Tether USDt

United

Bitcoin

Bitcoin (BTC) is currently experiencing a significant price discrepancy on Binance.US, offering a tempting opportunity for arbitrage. The cryptocurrency is being sold at a nearly $3,000 discount compared to global spot prices. 
This phenomenon has been referred to as a “depeg” of cryptocurrencies, as the prices listed on the United States crypto exchange deviate from the global average. 
At present, Bitcoin is trading at $27,536 against the U.S. dollar on Binance.US, representing an 8.5% markdown from the global spot price of $30,106. 
Other digital assets, including Ethereum, are also being traded at discounted rates. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/south-korean-regulator-takes-action-after-coin-gate-scandal/">South Korean Regulator Takes Action After ‘Coin Gate’ Scandal</a> 
Ethereum is priced approximately $200 lower on Binance.US, with a current trading value of $1,695. 
Even stablecoins like Tether (USDT) are affected, trading below their intended peg with Tether being valued at $0.915 on the exchange. 
However, it is important to note that these discounts are only applicable when trading cryptocurrencies against fiat USD on Binance.US. 
Unfortunately, most investors will not be able to take advantage of this opportunity due to the suspension of new USD deposits on the platform since June 9. 
As a result, only those who already possess USD funds in their Binance.US accounts can purchase the discounted cryptocurrencies. 
Moreover, concerns have arisen that Binance.US may soon halt USD withdrawals, prompting some users to sell their cryptocurrencies below market value in order to exit their positions in USD. 
An email from Binance.US to customers, which has circulated on Twitter, states that the last day for USD withdrawals will be July 20. 
This situation mirrors a similar incident that took place in late May at the Australian branch of Binance, where the company’s third-party payments provider ceased offering fiat on- and off-ramps. 
Consequently, the price of BTC on Binance dropped by 20% when traded against the Australian dollar. 
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Binance.US Offers Discounted Bitcoin (BTC) Prices – Can You Take Advantage?

Crypto Intelligence

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