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Binance.US is selling BTC at a markup. How can we capitalize on this?

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by COINS NEWS 96 Views

Right now as of 10:07AM EST, BTC on Binance.US: $26,400. BTC on every other exchange: $26,000.

I get that each exchange has their discrepancies with pricing, but it looks to me like Binance.US has seen a major outflow of Bitcoin from their exchange after this fiasco with USD being dropped, so now they've priced it higher to get you to hold your BTC on their exchange.

So a few questions: How do we capitalize on this? SHOULD we capitalize on this? Does this signify some kind of death knell for Binance.US (are they getting desperate)?

I gotta say, I've been exclusively on Binance.US now for years, but once I read the banks were cutting off ties and they were going "crypto only" I decided to migrate to Kraken. Now, if I just move my BTC to Binance.US, turn it into something like XLM, send that over to Kraken, and buy BTC again, it looks like I'll profit. Is that a tax nightmare though?

submitted by /u/disgustingEvan
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