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Bitcoin Trades at Nearly $1K Discount on Binance.US Crypto Exchange, Kaiko Observes

June 26 (Cointime) - Bitcoin is currently trading at a discount of almost $1,000 on the Binance.US crypto exchange, according to research firm Kaiko. This disparity has been observed since June 22 and continues to persist.

The discount may be due to Binance.US's announcement that its banking partners may discontinue USD withdrawals in the near future, causing clients to sell Bitcoin at a discount to withdraw their funds.

Additionally, Binance.US's market depth has fallen since May, potentially contributing to the price fluctuation.

Bitcoin Binance.US

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Bitcoin Trades at Nearly $1K Discount on Binance.US Crypto Exchange, Kaiko Observes

All Comments

Recommended for you

EigenLayer TVL falls back to $14.794 billion

The total subscription volume of Hong Kong Bitcoin ETF yesterday was 101.6, and the Ethereum ETF showed net redemption for two consecutive days

Crypto mining company Core Scientific mined over $175 million worth of Bitcoin in the first quarter

A whale deposited 757.7 BTC to Coinbase 3 hours ago, worth about 47.6 million US dollars

Ethereum liquidity re-staking protocol TVL exceeds $9.7 billion, of which Eigenpie TVL exceeds $760 million

Grayscale GBTC has a cumulative net outflow of US$17.4865 billion, and ARKB has a cumulative net inflow of US$2.2447 billion

Ethereum NFT daily trading volume on OpenSea fell to a two-year low, down more than 99% from its peak

ETH falls below $3,000

The total amount of Ethereum beacon chain staked is nearly 32.53 million ETH, and the ETH stake rate is 27.14%

Bitcoin opens $63K futures gap as thin liquidity threatens BTC price

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