At 08:25 UTC, the bitcoin-U.S. dollar pair on Binance.US traded at least $130 below prices on Coinbase and other major exchanges, according to data tracked by the charting platform TradingView.," said Clara Medalie, a director at Paris-based crypto data provider Kaiko.
Binance.US tweeted late Thursday that it would no longer accept dollar deposits and warned that its banking partners are preparing to pause fiat withdrawal channels as of June 13. The exchange urged clients to reclaim their dollars using bank transfers before then, and said it would begin delisting the dollar-denominated pairs starting next week.freeze
Binance.US' assets, while suing its global entity Binance and rival exchange Coinbase for violating the federal securities law. The SEC's action saw market makers remove liquidity from Binance.US' order books. The resulting worsening of the market depth saw bitcoinThe spread turned negative early Friday after Binance.US announced suspension of USD deposits and withdrawals.
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