As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000 on Monday, its valuation on Binance US is roughly $5,000 lower than the worldwide average in relation to the USD pair.
USD Trading Pairs on Binance US Show Significant Disparities
At the week’s start, the digital economy suffered a downturn with a 1.22% drop in value, reducing it to $1.2 trillion. Bitcoin (BTC) maintains a trading value of around $30,180 per unit, while ethereum (ETH) is roughly $1,911 per coin. However, the price divergence across BTC, ETH, and select other coins exclusively paired with the U.S. dollar on Binance US — a prominent crypto exchange — continues to expand.
As per July 17 data, BTC/USD trading illustrates BTC transactions at a starkly lower rate of $25,073 — a
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