BTC rate on Binance Australia fell to $22 204

Reuters journalists attributed this to the desire of local customers to close their positions as soon as possible

30.05.2023 - 07:25

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What’s new? On May 30, the bitcoin rate on the Binance Australia platform was down by 9000 Australian dollars (AUD) (~$5877) compared to the value on other local platforms, to 34 000 AUD (~$22 204). By comparison, the price of the asset on the local BTC Markets exchange was 43 000 AUD (~$28 082). According to Reuters journalists, the sale at a discount indicates the desire of Binance Australia customers to close their positions as soon as possible.

Reuters’ material

Binance and Australia. Earlier this month, one of Australia’s largest banks, Westpac, banned users from transferring money to Binance in an effort to combat fraud. In addition, since May 18, local customers can not use the service PayID, developed with the participation of the Reserve Bank of Australia, to transfer due to the corresponding decision of Cuscal, a banking transactions provider.

Last month, the Australian Securities and Investments Commission (ASIC) revoked Binance’s derivatives license, ordering the closure of all user positions and also began a review of the company’s local business.

At the time of writing, bitcoin is trading at $27 819 on Binance’s global platform, having lost 0,42% in 24 hours.

On January 31, the BTC rate on the Nigerian exchange NairaEX reached $47 924. Restrictions on cash withdrawals from ATMs in the country caused an increase in demand for the asset and its price.

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