BTC was trading at about A$34,000 ($23,062.20) on Binance Australia, the Australian arm of Binance, and A$43,000 on Australian cryptocurrency exchange BTC Markets, a negative premium of A$9,000, suggesting users were looking to sell quickly. In addition, tokens such as ETH and SOL also have a negative premium of about 20%.
Earlier this month, Binance said some customers in Australia would be unable to deposit and withdraw money after a third-party service provider cut off its service.
Binance Australia User Sells BTC A$9,000 Below Market
