Published on April 21st, 2017 | by bitcoin0
Bitfinex Banking Issues Causes Spreads to Widen at Bitcoin Exchanges
Bitfinex’s banking issues appear to be affecting the wider bitcoin exchange markets.
As fiat withdrawal problems at the world’s largest US dollar bitcoin exchange continued today, the spread between bitcoin prices observed on Bitfinex and other international exchanges surged, rising to more than $90, or roughly 7%, in some cases.
The difference was smaller when observed on OKCoin, though OKCoin has also reported banking issues in recent days.
While it remains to be seen how the situation will unfold, with BTC-e and OKCoin joining Bitfinex in announcing banking issues, the developments have sparked some fears of wider crackdowns on exchanges.
As such, it’s possible the uptick in issues is merely reflective of the tough environment bitcoin businesses have always faced when seeking to secure banking partnerships.