The price of bitcoin on Bitfinex is returned to equilibrium value


The bitcoin exchange rate on the fifth volume of trading in a crypto currency exchange Bitfinex has almost reached parity with most other trading platforms.

In particular, analysts BitMEX Research:

The premium is eroding

— BitMEX Research (@BitMEXResearch) 19 Zhovtnya 2018 R.

Course stablon USD Tether, which, in the opinion of many, was the cause of the imbalance between the price of bitcoin on Bitfinex and other exchanges, gradually returning to target $1:

Data: CoinMarketCap

In the last few days the market capitalization of the most popular stablon decreased by approximately half a billion dollars. This is probably caused by the increasing demand for new “stable coins” Paxos Standard (PAX), True USD (TUSD), USD Coin (USDC) and Gemini Dollar (GUSD) traded VA currently slightly above $1.

In the screenshot below, you can see that the exchange rate of bitcoin on Bitfinex only about $100 higher than Binance, Huobi and other major exchanges:

Very interesting and the fact that the tenth place in the trading volume of bitcoin is a little-known site of the OEX, where the first cryptocurrency traded in pairs with the Chinese yuan (CNY). Thus, the rate of this exchange is much higher than the others.

According to total daily trading volume, this platform is in 16th place ($116 million) among all exchanges, presented on CoinMarketCap, ahead of this indicator, for example, Coinbase Pro ($83 million):

ForkLog previously reported that Bitfinex has entered into a partnership with the Hong Kong Bank of Communications, and Tether — Bahamas Deltec Bank.

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