Binance Australia customers selling bitcoin at discount to rival exchanges

Bitcoin prices on the Australian arm of Binance, the world’s largest cryptocurrency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly.

The price of the world’s biggest cryptocurrency, bitcoin, was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange.

Bitcoin was quoted at $27,790 outside Australia.