Bitcoin Trades at High Premium on Binance.US Amid Sell-Off and Withdrawal Pause.

1 min read
Source: Cointelegraph
Bitcoin Trades at High Premium on Binance.US Amid Sell-Off and Withdrawal Pause.
Photo: Cointelegraph
TL;DR Summary

Binance.US, the American arm of global cryptocurrency exchange Binance, is selling Bitcoin at a $700 premium compared to its market price. The highest intraday price of Bitcoin on Binance.US reached as much as $28,600, while the intraday market price high amounted to $28,000. This comes after Binance suffered major withdrawal issues due to Bitcoin facing unusual mempool congestion, prompting the exchange to consider adding the Lightning Network to speed up transactions.

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