According to a report, the U.S.-based crypto exchange Kraken’s recent decision to stop accepting deposits from South African nationals briefly saw the premium on crypto assets like bitcoin surge to 3.5%. Before Kraken’s announcement, the premium or arbitrage, which is the gap between prices of crypto assets on global exchanges and South African exchanges, had reportedly ranged between 0.7% and 1.5%. As explained in a report published by Moneyweb, Kraken made the sudden decision to block South African deposits after its banking partner placed the African country on its anti-laundering blacklist.
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Mkt Cap $2.28T
BTC Dom 56.72 %
BTC
$64,511.00
▲ +0.30%
ETH
$1,906.52
▲ +0.00%
USDT
$0.999364
▲ +0.00%
BNB
$591.01
▲ +0.00%
USDC
$0.999674
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.20
▲ +0.50%
TRX
$0.327505
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.99
▼ -0.70%
DOGE
$0.069449
▲ +1.00%
USDS
$0.999943
▲ +0.00%
RAIN
$0.012735
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$510.74
▲ +4.40%
ADA
$0.198144
▼ -4.40%
XMR
$368.42
▲ +1.10%
WBT
$55.88
▲ +0.20%
LINK
$8.18
▲ +0.10%
XLM
$0.159912
▼ -1.20%
DAI
$0.999847
▲ +0.00%
BCH
$214.55
▲ +0.80%
USD1
$0.999746
▲ +0.00%
USDE
$0.999694
▲ +0.00%
CC
$0.093552
▼ -4.80%
Mkt Cap $2.28T
BTC Dom 56.72 %
BTC
$64,511.00
▲ +0.30%
ETH
$1,906.52
▲ +0.00%
USDT
$0.999364
▲ +0.00%
BNB
$591.01
▲ +0.00%
USDC
$0.999674
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.20
▲ +0.50%
TRX
$0.327505
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.99
▼ -0.70%
DOGE
$0.069449
▲ +1.00%
USDS
$0.999943
▲ +0.00%
RAIN
$0.012735
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$510.74
▲ +4.40%
ADA
$0.198144
▼ -4.40%
XMR
$368.42
▲ +1.10%
WBT
$55.88
▲ +0.20%
LINK
$8.18
▲ +0.10%
XLM
$0.159912
▼ -1.20%
DAI
$0.999847
▲ +0.00%
BCH
$214.55
▲ +0.80%
USD1
$0.999746
▲ +0.00%
USDE
$0.999694
▲ +0.00%
CC
$0.093552
▼ -4.80%
BTC
$64,511.00
▲ +0.30%
ETH
$1,906.52
▲ +0.00%
USDT
$0.999364
▲ +0.00%
BNB
$591.01
▲ +0.00%
USDC
$0.999674
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.20
▲ +0.50%
TRX
$0.327505
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.99
▼ -0.70%
DOGE
$0.069449
▲ +1.00%
USDS
$0.999943
▲ +0.00%
RAIN
$0.012735
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$510.74
▲ +4.40%
ADA
$0.198144
▼ -4.40%
XMR
$368.42
▲ +1.10%
WBT
$55.88
▲ +0.20%
LINK
$8.18
▲ +0.10%
XLM
$0.159912
▼ -1.20%
DAI
$0.999847
▲ +0.00%
BCH
$214.55
▲ +0.80%
USD1
$0.999746
▲ +0.00%
USDE
$0.999694
▲ +0.00%
CC
$0.093552
▼ -4.80%
Mkt Cap $2.28T
BTC Dom 56.72 %
BTC
$64,511.00
▲ +0.30%
ETH
$1,906.52
▲ +0.00%
USDT
$0.999364
▲ +0.00%
BNB
$591.01
▲ +0.00%
USDC
$0.999674
▲ +0.00%
XRP
$1.02
▼ -3.00%
SOL
$73.20
▲ +0.50%
TRX
$0.327505
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.80%
HYPE
$53.99
▼ -0.70%
DOGE
$0.069449
▲ +1.00%
USDS
$0.999943
▲ +0.00%
RAIN
$0.012735
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$510.74
▲ +4.40%
ADA
$0.198144
▼ -4.40%
XMR
$368.42
▲ +1.10%
WBT
$55.88
▲ +0.20%
LINK
$8.18
▲ +0.10%
XLM
$0.159912
▼ -1.20%
DAI
$0.999847
▲ +0.00%
BCH
$214.55
▲ +0.80%
USD1
$0.999746
▲ +0.00%
USDE
$0.999694
▲ +0.00%
CC
$0.093552
▼ -4.80%
