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News Explorer — Bitcoin on Binance Australia Hits Double-Digit Discount Amid On-Ramp Removal

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May 30, 9:19 am
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Bitcoin on Binance Australia Hits Double-Digit Discount Amid On-Ramp Removal

Bitcoin (BTC) is currently trading at a 20% discount on Binance's Australian platform, with one BTC trading for approximately $35,875 AUD. This is due to the recent removal of fiat on-ramp services by Binance's payment processor's banking partner. Binance has announced plans to delist several trading pairs with the Australian dollar on June 1, and is actively searching for an alternate provider to restore the ability to deposit and withdraw Australian dollars.

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