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Binance.US USD is de-pegging

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by COINS NEWS 110 Views

Binance.US USD is de-pegging

Yes, you read that right. Somehow USD on Binance.US is de-pegging from all other assets. Currently, BTCUSD is trading at 29128 vs BTCUSDC which is at 28278. That's almost a 1K difference in price and every single other exchange I've checked is quoting the BTC price at 28K ish range which is in line with the USDC and USDT pairs on Binance.US. Interestingly, this is not exclusive to BTC as all other USD pairs are trading at a 3% premium to every other exchange.

https://preview.redd.it/p03uus0joiya1.png?1124&format=png&auto=webp&s=b63550bcaddc4cd3a7dd532a3ce41ee88485e940

https://preview.redd.it/81zfte9koiya1.png?1142&format=png&auto=webp&s=f2304424eed6cc9c7a9e0b09d0d5f52c3da5f87d

https://preview.redd.it/p8zssfuloiya1.png?1090&format=png&auto=webp&s=e6326ddb825a613d9a1b340879d90b6986ae4e68

The weird thing is that no one seems to be talking about this. I guess that due to the weekend, it's impossible to close the arbitrage without banks being opened. So I would anticipate that prices will return to normal once the banks open on Monday making this a great opportunity to make 3%+. But there may also be something funky going on behind the scenes.

submitted by /u/snowfox2012
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