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US Dollar depegged on Binance.us again

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by COINS NEWS 126 Views

Hi, it's me. The guy who gave you the arbitrage tip on USDT/USD and BTC/USD on Binance.us last month when the dollar depegged by 3% for a long period of time. It is doing it again.

After the news hit that the SEC wants to put a temporary restraining order on Binance.us funds, some idiot went straight to b.us and bought half a million USDT on a MARKET ORDER!!! I think he swallowed the entire order book because now liquidity is suffering on the USDT/USD pair. USD is depegged by 1% across all trading pairs. There still are no fees on BTC/USD trades, so someone with a lot of BTC and a lot of risk appetite could make some quick arb trades. It will be tougher on USDT because of limited liquidity.

Personally, I'm staying the heck away, but I know some of you made some easy and quick 3% trades last time and I'm happy I was able to help.

Stay safe (safu?) Do your own research and all that politically correct stuff that won't really protect me anyways.

submitted by /u/GME-NeverSell
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