Bitcoin is selling at a discount of about $3,000 on the Binance.US platform, offering a much better price than global spot prices, but there is just one problem.
On July 9, a group of cryptocurrency users began noticing an increasing price discrepancy between cryptocurrencies listed on the Binance US cryptocurrency exchange and their global spot prices, with many describing it as cryptocurrency decoupling. The BTC/USD charts on Binance.US show a current price of $27,536. Source: Binance.US Bitcoin is currently trading at $27,536 on the exchange against the US dollar, representing a discount of about 8.5% from the global spot price against the US dollar, which is $30,106 at the time of writing.
Other cryptocurrencies are also trading at a discount against the US dollar, Ethereum is about $200 cheaper on the Binance.US exchange, and it is trading for $1,695 at the time of writing. In addition, some stablecoins like USDT are trading below their levels, with Tether priced at $0.915 on the exchange.
