Stablecoin Asset Pairs Tracking the True Value of Crypto Assets
Hey there, fellow Lolacoin readers! We’ve got some good news and some bad news for you regarding the value of crypto assets. Let’s break it down:
The Bad News:
- On Binance US, the BTC/USD value was $2,500 lower than other exchanges.
- Most crypto assets on the platform have been trading at a discount in USD terms.
- Price discrepancies emerged around June 21 and caused quite a stir on Twitter.
- Binance US previously had higher values for BTC and Ethereum compared to other exchanges.
- The emergence of a discount on all assets paired with USD suggests banking partner challenges.
The Good News:
- Crypto assets paired with stablecoins like USDT and USDC appeared to track their true values.
- Users were encouraged to use stablecoins for continued crypto-to-crypto trading on the platform.
- There is speculation about the future of Binance US, but no need to panic just yet.
- The price discrepancies may not be an arbitrage opportunity, according to some users.
- It’s important to note that the discount on assets paired with USD is a one-way trade.
So, there you have it, folks! The value of crypto assets on Binance US has been a rollercoaster ride lately. While there may be some challenges with banking partners, it seems that stablecoin asset pairs are the way to go for tracking their true values. Keep an eye on the market and stay informed. Happy trading!
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