Bitcoin is traded at Binance Australia with a discount of $ 5,000, as the closure of the payment is closer
Bitcoin is traded at Binance Australia with a discount of $ 5,000, as the closure of the payment is closer
On Tuesday, the prices for Bitcoin and other crypto-assets on the Australian branch of Binance, which, according to trading volume, were traded with a discount compared to competing local platforms.
at 1:10 p.m. Bitcoin (BTC) was traded at 34,863 AUD (22,670 USD) Binance Australia, BTC markets, where it was traded at $ 28,130), coinjar and independent reserve. Other assets such as Ether (Eth) and Solana (Sol) were also traded with a discount of about 20 %.
Bitcoin is traded at Binance Australia with a discount
The discounts on the crypto prices on Australian stock exchanges could be due to the fact that users try to leave their positions quickly so as not to be cut off by a local payout path.
beginning of this month, binance Australia informs to its users that from 1 June 2023, 5:00 p.m., about the Australian Payid service, a popular payment method, no more FIAT money. The stock exchange indicated that the setting is due to a decision of its third party was a payment service provider and was looking for an alternative. On the same day of the announcement, the Australian Big-Four-Bank Westpac banned The trade with all crypto exchanges, including binance Australia to ban. Westpac announced that the ban is part of a process that aims to act against fraud and save the millions that are lost through such fraudulent activities. The analysis carried out by the bank showed that a third of all fraud payments were forwarded directly to crypto exchanges, hence the decision. Binance Australia has been facing many challenges recently. Last month, the crypto exchange wrapped its Australian derivation business due to regulatory problems with the Australian Securities and Investments Commission (ASIC). The agency withdrew the license when it checked its local activities. Meanwhile, a spokesman for Binance Australia said that users could convert their credit into Australian dollars into Tether USD (USDT) after 1 June to facilitate trade activities until the stock exchange continues to offer a provider that continues to offer deposits and withdrawals
. Binance Australia faces challenges