Bitcoin (BTC) has established itself as the most popular cryptocurrency in the world, with a market capitalization of US$526,024,115,809, according to data from specialized site CoinGeco.
Investors are constantly on alert for BTC price movements that indicate the right time to buy and take the spread on subsequent sell offs.
Along these lines, everyone was taken by surprise when, on the Binance exchange in Australia, BTC was listed for $5,000 cheaper than other versions of the platform (including the United States and Argentina). Below, all the details.
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Just before the start of the new month, bitcoin traded around 34,400 Australian dollars (AUD), which according to Google Finance Converter is equivalent to $22,500, as shown by the Cryptonotices portal.
During all this, globally, the star cryptocurrency was hovering around $28,000. This, then, represents an estimated discount of US$5,000.
The event occurred ahead of an estimated end to withdrawals in Australian dollars from the exchange set for June 1. The suspension has to do with the decision of Binance Australia payment service provider and according to the company, they are working on finding another alternative partner.
Even though the $5,000 markdown is no longer in evidence, the Australian version of the world’s most famous exchange still maintains cheaper prices than the rest of the world.
At the time of writing this note, BTC is trading at $27,131.94 in the US, $27,083 in Argentina and $26,895.39 in Australia.
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