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A cryptocurrency platform where bitcoin is traded at a $ 3000 discount has been named
The market leader continues to hold its position at $ 30,100, but investors have turned their attention to a platform where BTC is trading at a $ 3,000 discount. As it turned out, bitcoin is sold for $ 27,500 on Binance.US.
Although this discount looks attractive, most investors will not be able to take advantage of it. The BTC at a reduced price is available only when paired with the US dollar.
The problem is that Binance.US users have not been able to deposit new dollars on the platform since June 9, when the ability to deposit in dollars was suspended. This means that discounted cryptocurrencies can only be bought with US dollars that were already in the user’s account before the suspension.
Concerns that Binance. US will soon block the ability to withdraw funds in US dollars have led some users to trade their cryptocurrencies below market value to exit their fiat positions. According to a Binance. US email to customers, the last day for withdrawals in USD will be July 20.
As a reminder, the Binance crypto exchange is going through some hard times. In June, Binance left several European countries at once, and EU police and financial regulators began cooperating with the US Securities and Exchange Commission (SEC) to investigate the platform’s activities.
Regarding the fight between the US regulator and Binance, a judicial investigation initiated by the SEC showed that the platform’s activities were significantly influenced by a shadowy leader who may be behind questionable transactions, in the SEC’s opinion.