{"id":120186,"date":"2023-07-10T06:53:41","date_gmt":"2023-07-10T06:53:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-ethereum-usdt-trade-at-discount-on-binanceus-arbitrage-opportunity-or-trap-crypto-news\/"},"modified":"2023-07-10T06:53:42","modified_gmt":"2023-07-10T06:53:42","slug":"bitcoin-ethereum-usdt-trade-at-discount-on-binanceus-arbitrage-opportunity-or-trap-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-ethereum-usdt-trade-at-discount-on-binanceus-arbitrage-opportunity-or-trap-crypto-news\/","title":{"rendered":"Bitcoin, Ethereum, USDT Trade At Discount On BinanceUS, Arbitrage Opportunity Or Trap?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Cryptocurrencies on Binance&#8217;s US-based crypto exchange Binance.US trade at a discount, what the crypto community calls a \u201ccrypto depeg\u201d.  Top cryptocurrencies Bitcoin and Ethereum are trading at $27,500 and $1700 respectively, a discount of $3000 and $200 from global spot prices.<\/p>\n<p>Meanwhile, USDT remains pegged to USD at $0.91 following the US SEC lawsuit and USD deposits and withdrawals suspension.  Other altcoins are also available at a discount on the crypto exchange.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>BTC and ETH prices jumped 2% on Binance.US as traders move to take an arbitrage opportunity, which means buying at low prices and selling at higher prices on another exchange.  While it seems a better arbitrage opportunity, it can only be used by people having USD on Binance.US as deposits remain suspended for nearly a month.<\/p>\n<p><strong>Also Read:<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" title=\"Terra Luna Classic To Expedite Community-Owned Station Wallet Infrastructure, LUNC Jumps\" href=\"https:\/\/coingape.com\/terra-luna-classic-expedite-community-owned-station-wallet-infrastructure-lunc\/\">Terra Luna Classic To Expedite Community-Owned Station Wallet Infrastructure, LUNC Jumps<\/a><\/p>\n<p>The crypto community has raised concerns over the future of Binance.US as most executives are exiting the crypto exchange.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Veteran trader Peter Brandt also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1678204875488784385\">noted<\/a> the USDT depeg on Binance.US, blaming Binance CEO \u201cCZ\u201d and referring to it as the \u201cscam of the decade.\u201d  He said the same exchange approved BTC sell orders at $8000 when it was trading at $60,000 on other crypto exchanges.  He believes the community needs to question CZ about this.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The bubble is popping.  amazing that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptonerds?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptonerds<\/a> who verbally debase <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USD<\/a> hold assets via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a> via<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\">@cz_binance<\/a>scam of the decade <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/z0H6gspLeo\">pic.twitter.com\/z0H6gspLeo<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1678204875488784385?ref_src=twsrc%5Etfw\">July 10, 2023<\/a><\/p>\n<\/blockquote>\n<p>Adam Cochran also warned the community about trading on Binance.US and criticized Binance CEO \u201cCZ\u201d for market uncertainty as the US DOJ prepares to bring action against the exchange.<\/p>\n<blockquote>\n<p>\u201cAll you Binance simps that believe CZ is a god who would never let you down, can deposit into Binance US and get cheap coins any time you want.\u201d<\/p>\n<\/blockquote>\n<p>In addition, the crypto market is currently facing liquidity issues with investors continuing to hold and balance on exchanges hit lows.  Global exchanges such as Binance and Coinbase are using several strategies and promotions to increase liquidity in the market.  The last date for USD withdrawals on Binance.US is July 20.<\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"Shiba Inu News: Shibarium Release Fuels BONE Price 35% Rally, Eyes $3 In Weeks\" href=\"https:\/\/coingape.com\/shiba-inu-news-shibarium-release-fuels-bone-price-35-rally-eyes-3-in-weeks\/\">Shiba Inu Layer-2 Shibarium Release Fuels BONE Price 35% Rally, Eyes $3 In Weeks<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<!--   --><\/p>\n<p><!-- \n\n<div class=\"ad-container-layout\">\n      \n\n<div class=\"ad-container\">\n        <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n          <noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\"><\/noscript>\n        <\/a>\n        \n\n<div class=\"ad-content\">\n          <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n            <span class=\"ad-title\">Bitget is a Leading Derivatives Trading Platform. 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Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.  With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies.  He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153764\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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Top cryptocurrencies Bitcoin and Ethereum are trading at $27,500 and $1700 respectively, a discount of $3000 and $200 from global spot prices. Meanwhile, USDT remains pegged to USD at $0.91 following the US SEC lawsuit and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":105713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-120186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120186"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120186\/revisions"}],"predecessor-version":[{"id":120187,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120186\/revisions\/120187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/105713"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}