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Binance.US experiences price anomalies! Several mainstream cryptocurrencies available for purchase at a 10% discount.

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Binance.US experiences price anomalies! Several mainstream cryptocurrencies available for purchase at a 10% discount.

Binance.US recently experienced abnormal price fluctuations, allowing users to purchase various mainstream cryptocurrencies at around a 10% discount. The official explanation for the incident has not been provided yet, but speculation suggests it may be related to decreased liquidity.

Binance.US Experiences Price Anomalies

After facing serious allegations from the SEC in early June, Binance.US announced its transition to a pure cryptocurrency exchange. Since 6/26, the platform only supports USDT trading pairs for over 150 cryptocurrencies, with only a few supporting USD trading pairs as shown below.

According to CoinGecko data, Binance.US is currently experiencing price anomalies, particularly concentrated in the USD trading pairs listed in the table above.

For example, in the case of BTC, there is a significant price difference between BTC/USDT and BTC/USD, with the price of BTC/USDT being the reasonable market price, while BTC/USD is approximately 8% lower than the normal price. Similar situations are observed in other USD trading pairs with discounts of 8-10%, and CoinGecko warns that these pairs have deviated from normal prices.

Regarding the current situation, there has been no official explanation from Binance.US. However, in a statement at the end of June, Binance.US announced that its banking partners would cease USD deposits and withdrawals in the future. It is speculated that this may have led to a gradual reduction in liquidity for USD trading pairs, resulting in this phenomenon.

In response, well-known crypto analyst Adam Cochran sarcastically remarked, "For those who believe that CZ is a god and will never disappoint you, feel free to deposit funds into Binance.US and get cheap tokens. Good luck."