Post
Topic
Board Exchanges
Re: Bitcoin Has A Lower Value In Binance
by
Darker45
on 05/07/2023, 03:01:53 UTC
This is not a bug nor glitch in their app according to the news below "The impact of enforcement action against Binance.US is affecting the prices of cryptocurrencies on its exchange"
And according to the news, it's a crypto discount it is ranging from 2% to 5% discount.

That is why you see different prices on the BTC/Fiat compared to Binance.com and according to the news, not only BTC is affected by this also other Crypto/Fiat pairs like ETH.

- https://www.bloomberg.com/news/articles/2023-06-28/crypto-discounts-worsen-on-binance-us-as-sec-investigation-s-impact-takes-hold

I was thinking this is more of a technical issue. But I considered the 5% discount and it seems right around the amounts mentioned in the OP. There's a slight yet significant difference, though. If the maximum discount is at 5%, the price should be $29,756.85 and not $29,125.

Anyway, if this is indeed caused by what Binance.US is going through, isn't this a great way to do some arbitrage? Even considering the spread, with a difference of more than 5%, it's probably good enough.

So is there anything I can do or am I screwed and out of thousands of dollars?