Huge Arbitrage Opportunity on Bitcoin and Ethereum! Who Could Benefit?

Spot Bitcoin ETF up to $31,000 after their application bitcoincould not continue its rise and continues its sideways movements at the level of $ 30,000 in recent weeks.

However BTC The price is not the same in all exchanges. Because the US arm of Binance Binance.USin BTC and Ethereum price is trading at a lower price. At this point, a wide price gap has formed between Bitcoin and Ethereum prices and global spot prices.

This is in the community “Cryptodepeg” while it is called, BTC And ETH It is trading at $27,700 and $1710, respectively, with a discount of about $2300 and $150.

Bitcoin and Ethereum Although the reduction in price may seem attractive to investors who want to take advantage of an arbitrage opportunity, which means buying low on one exchange and selling at higher prices on another, most investors will not be able to take advantage of them.

Because after the SEC’s lawsuit against Binance and Binance US, Binance US suspended dollar transactions in June. This means that investors can get BTC and BTC at discounted prices. ETH prevents it from getting

Because users have not been able to deposit new USD on the platform since June 9, when USD deposits were suspended. This means that only traders with USD before June 9 can buy Bitcoin and Etheruem.

In this context, only those who have USD on Binance.US will be able to benefit from these discounted prices.

Experts think that this situation in Binance.US is due to concerns that the stock market will stop withdrawing dollars in the near future.

At this point, it is thought that after the news that Binance US will stop its dollar withdrawal transactions in the near future, it caused BTC and ETH to be traded below its value.

Because it is stated in the e-mail sent by Binance.US to its customers that it will end the withdrawals of dollars after July 20.

*Not investment advice