Binance Australia customers seen selling bitcoin at a discount


FILE PHOTO Binance logo is seen in this illustration taken March 31 2023. REUTERSDado RuvicIllustration

FILE PHOTO: Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration

SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world's largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly.

The price of the world's biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange.

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