Binance customers in Australia have started selling bitcoins at a discount of $5,000
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On May 30, the price of bitcoin on the Binance Australia platform was almost $5,000 lower than on competing exchanges, Reuters writes. This indicates the desire of exchange clients to close their positions as quickly as possible.
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Bitcoin at a discount
The price of BTC on the Australian platform Binance was about 34,000 Australian dollars (AUD), or about $23,000, compared to 43,000 AUD ($28,000) on the cryptocurrency exchange BTC Markets. At the same time, bitcoin was trading at $27,790 outside of Australia.
In mid-May, Binance Australia suspended the acceptance of funds in Australian dollars, citing the refusal of the payment service provider to work with the crypto platform. The exchange reported that problems may also arise with the withdrawal of funds in AUD.
Earlier in April, the Australian Securities and Investments Commission (ASIC) revoked the license of the local division of the Binance exchange — the company Oztures Trading, operating under the brand name Binance Australia Derivatives.
Source: Ministry of Finance
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