Bitcoin is trading at a “heavy discount” on Binance.US, presenting a significant arbitrage opportunity for traders, according to Kaiko data.
Source: Kaiko
Data from Cryptocompare corroborates the above. The flagship digital asset is trading for $29,523 on Binance.US, or $500 lower than on major rivals like Coinbase, Kraken, BitStamp, and others.
Meanwhile, it should be noted that this discount is only present on assets paired with the USD as those paired with stablecoins like USDT and USDC are trading at regular prices, according to data from Coingecko.
Source: Coingecko
Binance.US has experienced serious USD liquidity issues since its banking partners decided to halt their payment channels. This has led to an outflow of fiat currency from the platform amid its transition to a “crypto-only” exchange.
Bitcoin price fluctuates on Binance.US
Since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the exchange on June 5, Binance US has experienced price swin
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