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Marty Bent, editor of Marty's Bent, a daily newsletter focused on Bitcoin, tweeted to its 14.1K Twitter subscribers that Bitcoin is currently trading at a $ 350 premium at BitFinex.
Following the recent "fraud" of Tether and BitFinex, users of the Bitfinex cryptocurrency exchange went into survival mode, resulting in a massive attempt to remove all their assets.
Although Bitcoin's price has quickly stabilized since the debacle of Tether and BitFinex, BitFinex's premium has continued to rise, with investors apparently still seeking to withdraw their funds.
Marty Bent, a Twitter user, pointed out that the BitFinex premium was now $ 350 or 6.75%.
The premium of Bitfinex increases.
Now at ~ $ 350 or 6.75%. $ BTC #Bitcoin pic.twitter.com/mRLY2mbxKz
– Marty Bent (@MartyBent) April 28, 2019
Bitcoin premium BitFinex transactions mean that on Bitfinex, BTC is now trading $ 350 more than any other platform.
This premium is probably due to the fact that BitFinex does not make immediate withdrawals. Users then turn to BTC to get their funds from Tether, which results in an increase in its price.
BitFinex users might believe that their money is at stake, fearing the collapse of Tether, and are therefore willing to pay this premium only to withdraw their assets from the exchange.
the $ BTC The price difference on Bitfinex is perfectly explained by @jgarzik "It's an exit purchase: to get out of an exchange, you have to buy a" strong currency "- BTC – when fiat withdrawal methods start to fail, so the price of the BTC is higher at the end of life. .. " #crypto #trade
– Andy Craven (@andyscraven) April 29, 2019
Bitfinex users need to buy bitcoins to get out of trouble. This increases the price of bitcoin on bitfinex compared to other exchanges!
– Jacob Pickle (@JPicL) April 28, 2019
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