Clients of Binance in Australia began to sell bitcoins at a discount of $5 thousand.

Clients of Binance in Australia began to sell bitcoins at a discount of $5 thousand.

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Author: Robert Strickland (crypto-journalist)
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Clients of Binance in Australia began to sell bitcoins at a discount of $5 thousand.
Customers of the Binance cryptocurrency exchange in Australia began to sell bitcoins at a discount
On the platform of Binance Australia, the first cryptocurrency was sold for $5 thousand cheaper than on competing exchanges

On May 30 the price of bitcoin on the platform Binance Australia was almost $5 thousand lower than on rival exchanges, writes Reuters. This indicates the desire of the exchange's customers to quickly close their positions.

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.

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 said that problems could also arise with withdrawals in AUD.

Earlier in April, the Australian Securities and Investments Commission (ASIC) revoked the license of Binance's local unit of the exchange, Oztures Trading, operating under the Binance Australia Derivatives brand. The regulator did not report any violations on the part of the exchange but referred to the claim of the U.S. Commodity Futures Trading Commission (CFTC), filed against Binance in late March. The claim accuses the exchange of violating U.S. laws.

 

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