Bitcoin was cheaper in Turkey than on global markets on Nov 6. The Turkey Premium Index read -0.28% (-28.4 bps), a score of 39 / 100 in the discount regime, a long way from its 24 hour average of +0.2 bps.
The cheap dollar carried the move. Tether against the lira traded -25.5 bps below the official USD/TRY rate. The crypto leg added only -2.9 bps.
All six venues we track sat below the world price. CoinTR was the dearest at -13.4 bps and Binance TR the cheapest at -34.4 bps. This is a price gap, not a trade anyone can lock in at those levels.
The cheap dollar carried the move. Tether against the lira traded -25.5 bps below the official USD/TRY rate. The crypto leg added only -2.9 bps.
All six venues we track sat below the world price. CoinTR was the dearest at -13.4 bps and Binance TR the cheapest at -34.4 bps. This is a price gap, not a trade anyone can lock in at those levels.
