BTC prices are around A$34,000 ($23,062.20) on Binance Australia, the Australian branch of Binance, compared to A$43,000 on Australian cryptocurrency exchange BTC Markets, a price premium of A$9,000, indicating users are looking to sell quickly.

Earlier this month, Binance said some customers in Australia would be unable to deposit and withdraw money after a third-party service provider cut off its services.