Post
Topic
Board Economics
Re: Why are Rubles trading at a 10% discount on Binance?
by
NeuroticFish
on 02/03/2022, 10:27:21 UTC
As is a nice arbitrage if you have a RUB bank account and can FX RUB->USD and transfer the USD back onto Binance.

Or are Binance restricting RUB withdrawals?

1. There's a good chance that at the moment you get those rubles in your hand they'll worth even less than your "investment".
2. I guess that you can withdraw rubles only if you have account at one of the few banks not affected by the SWIFT blocking.

I find this an overly risky "business opportunity".