Bitcoin bought with lira cost +0.24% more than the global dollar price on Oct 10, at the official USD/TRY rate. That premium came almost entirely from the dollar itself.
Tether traded +25.7 bps above the official lira rate, which was set on Oct 9. The crypto leg, meaning $BTC priced in Tether on Turkish exchanges against the world, was -1.4 bps.
Across the five exchanges counted in the index, Bitlo was dearest at +35.4 bps and BtcTurk cheapest at +21.4 bps. The 24 hour average was +16.5 bps, and the 7 day average was +0.3 bps. This is a price gap, not a trade anyone can lock in.
Tether traded +25.7 bps above the official lira rate, which was set on Oct 9. The crypto leg, meaning $BTC priced in Tether on Turkish exchanges against the world, was -1.4 bps.
Across the five exchanges counted in the index, Bitlo was dearest at +35.4 bps and BtcTurk cheapest at +21.4 bps. The 24 hour average was +16.5 bps, and the 7 day average was +0.3 bps. This is a price gap, not a trade anyone can lock in.