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Bitcoin Sold at Discount on Binance Australia Platform, Amid Regulatory Concerns

As reported by Reuters, holders of the first cryptocurrency on the Binance Australia platform are selling bitcoins at a discount of A$9,000 (nearly $6,000).

On the Binance Australia platform, the bitcoin price was about A$34,000 ($23,000).

At the same time on the local cryptocurrency exchange BTC Markets, the price of the first cryptocurrency reached 43,000 Australian dollars ($28,050), and outside Australia bitcoin was trading at $27,790.

Reuters suggests that such a discount is a sign that customers were eager to close their positions quickly. Binance has not yet commented on the situation.

Recall that the Australian regulator revoked Binance’s license to provide financial services in April.

In May, Binance Australia suspended work with banks through PayID.

In addition, the continent’s largest bank, Westpac, banned its customers from making deposits on the cryptocurrency exchange.