Crypto Trading at Negative Premiums on Binance.US: An Opportunity or a Trap?

Binance‘s US arm, Binance.US, is seeing its cryptocurrencies trade at a negative premium, something the crypto community has labeled as “crypto depeg”. Bitcoin (BTC) and Ethereum (ETH), globally trading at $30,000 and $1,855 respectively, are trading at $27,650 and $1,700 on Binance.US. Investors have begun questioning whether the negative premium on Binance.US is an arbitrage opportunity or a trap. Negative Premiums also Applicable for USDT, Alongside BTC and ETH While major cryptocurrencies such as Bitcoin and Ethereum are trading at a negative premium, Tether (USDT) on Binance.US is also trading at $0.91 following a lawsuit opened by the U.S. Securities and Exchange Commission (SEC) and the suspension of U.S. dollar deposits and withdrawals. However, BTC and ETH prices on Binance.US have increased by 2% as investors moved to capitalize on the arbitrage opportunity. This increase is the result of investors looking to profit from buying at lower prices and selling […] The post Crypto Trading at Negative Premiums on Binance.US: An Opportunity or a Trap? appeared first on COINTURK NEWS.