Bitcoin Trades At $3K Discount, Ethereum Available $200 Cheaper On Binance.US — Jim Chanos Questions 10% Arbitrage Across Major Exchanges
Portfolio Pulse from Mehab Qureshi
Bitcoin and Ethereum are trading at a significant discount on the Binance.US exchange due to restrictions imposed by the platform. Bitcoin is trading at a discount of nearly $3,000, while Ethereum is $200 cheaper. However, most investors cannot take advantage of these discounts due to restrictions imposed by Binance.US. The platform has also announced that the last day for USD withdrawals will be on July 20, adding to the uncertainty surrounding the platform.
July 10, 2023 | 7:43 am
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NEGATIVE IMPACT
Bitcoin is trading at a significant discount on Binance.US, but most investors cannot take advantage due to platform restrictions.
The discount on Bitcoin on Binance.US is significant, but the restrictions imposed by the platform prevent most investors from taking advantage. This could potentially lead to a decrease in demand and a drop in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum is trading at a discount on Binance.US, but most investors cannot take advantage due to platform restrictions.
The discount on Ethereum on Binance.US is significant, but the restrictions imposed by the platform prevent most investors from taking advantage. This could potentially lead to a decrease in demand and a drop in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100