Coinspeaker
Bitcoin Trading Cheaper on Binance Australia
Bitcoin is being sold at a significant markdown on the Australian branch of Binance which is arguably the largest cryptocurrency exchange in the world. Bitcoin price on Binance Australia was hovering around $23,062, compared to $29,000 on fellow Australia-based cryptocurrency exchange BTC Markets.
The latest development stems from the May 18 announcement from Binance Australia, which informed its client that it would temporarily halt Australian dollar services following a decision made by a third-party payments provider.
The ripple effect of the decision also saw Binance Australia halt AUD trading pairs for cryptocurrencies including Bitcoin, Ethereum, XRP, Cardano, Dogecoin, MATIC, and Solana.
The subsequent update involved users engaging in an alarming withdrawal spree of their digital assets and then putting them into Australian dollars before the June 1 deadline for local bank withdrawals.
Bank transfer deposits were prompt
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