Bitcoin

<p>According to the latest news, Bitcoin can be purchased for slightly more than $27,500 on Binance.US, representing an 8.5% <a href="https://twitter.com/3orovik/status/1677919715375677441?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1677919715375677441%7Ctwgr%5E3db41183086370145be7ed70cc755c6b8299f17e%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbitcoin-btc-discount-binance-us-but-theres-a-catch" rel="noopener noreferrer nofollow">discount</a> over worldwide spot USD values of $30,106.</p><h2 id="header-0">Huge Discount on the Price of Bitcoin</h2><p>On top of that, several cryptocurrencies aside from Bitcoin are also available at lower prices on Binance.US. The exchange has Ethereum pricing that is roughly $200 lower. Tether and other stablecoins also happened to be making trades below their pegs. Tether trading at $0.915 on the trading platform.</p><h3 id="there-is-a-huge-catch-for-traders">There is a Huge Catch for Traders</h3><p>However, consumers are going to be able to utilize the benefits of the lowered price accessible on the firm&#39;s website only if they trade a cryptocurrency for fiat USD on the crypto exchange.</p><p>The constraints are added probably due to the fact that Binance.US users have not deposited additional USD into the trading site since its operation was halted on June 9.</p><h2 id="header-1">Customers Selling their Bitcoin at Losses</h2><p>Furthermore, rumors that Binance.US may soon suspend USD withdrawals have prompted some customers to sell their cryptocurrencies at a loss as a way to liquidate their USD positions.</p><p>As a consequence, the discounted cryptocurrencies including Bitcoin can only be purchased using any USD that was already in the account prior to the suspensions.</p><h3 id="withdrawals-closing-on-july-20">Withdrawals Closing on July 20</h3><p>According to an <a href="https://www.binance.us/" rel="noopener noreferrer nofollow">announcement</a> by Binance.US, the last day for USD withdrawals will be July 20. On July 9, crypto enthusiasts noticed a growing price variation between cryptocurrencies listed on the US crypto exchange and the firm&#39;s global spot prices.</p><p>Following the discovery of a $3,000 discount on Bitcoin and other cryptocurrencies relative to global spot pricing, many began to refer to it as a &#34;depeg&#34; of <a href="https://thecoinrise.com/category/learn-cryptocurrency-basics/" rel="noopener noreferrer nofollow">crypto currencies</a>. Back in May, Binance, the world&#39;s largest crypto trading platform, revealed that cryptocurrency limitations made doing business in the United States tough. As a result, it is now looking for <a href="https://thecoinrise.com/binance-is-pushing-to-get-regulatory-license-in-the-uk/" rel="noopener noreferrer nofollow">regulation in the United Kingdom</a>.</p><p></p><p><a href="https://thecoinrise.com/bitcoin-is-trading-at-8-discount-on-binance-us-and-heres-the-catch/" rel="noopener noreferrer nofollow">Read more similar articles on TheCoinrise</a></p>

Bitcoin is Trading at 8% Discount on Binance.US and Here's the Catch

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