According to a recent report by Reuters, Bitcoin prices on Binance’s Australian platform were almost A$9,000 lower than those on rival exchanges on Tuesday. This significant discrepancy suggests that Binance users in Australia are looking to quickly offload their positions.
This rush comes on the heels of recent disruptions in the operations of Binance Australia. On May 18, 2023, the company informed its users through Twitter that PayID AUD deposits could no longer be facilitated due to a decision made by its third-party payment service provider. The company also mentioned that bank transfer withdrawals may be affected, with details to follow once confirmed.
In the face of these challenges, Binance Australia emphasized that it is actively seeking alternative providers to continue offering AUD deposits and withdrawals. In the meantime, users can continue to buy and sell cryptocurrencies using credit or debit cards, and the Binance…
