On Oct 23 every one of the five exchanges in the Turkey Premium Index priced Bitcoin below the world. OKX TR was the dearest at -26.2 bps and CoinTR the cheapest at -41.7 bps.
The index came to -0.41% (-41.3 bps), a score of 36 / 100 in the discount regime. That is deeper than both its 24 hour average of -8.6 bps and its 7 day average of -19.4 bps.
The dollar side did the work. Tether traded at -38.7 bps against the official USD/TRY rate, and the crypto leg added just -2.7 bps. This is a price gap, not a trade anyone can lock in.
It is the 13th straight day lira buyers paid less than the world, out of 37 days in our records.
The index came to -0.41% (-41.3 bps), a score of 36 / 100 in the discount regime. That is deeper than both its 24 hour average of -8.6 bps and its 7 day average of -19.4 bps.
The dollar side did the work. Tether traded at -38.7 bps against the official USD/TRY rate, and the crypto leg added just -2.7 bps. This is a price gap, not a trade anyone can lock in.
It is the 13th straight day lira buyers paid less than the world, out of 37 days in our records.