Premiums on Bitfinex continue widening

According to The Block’s findings, Bitcoin premium on Bitfinex grew from 1.5% to 1.7% today. Tether-based exchanges are now trading Bitcoin for a 1.2% premium when compared to exchanges with fiat pairs. Concerns about Tether seemed to have calmed briefly but are starting to pick up again. Bitfinex continues to worry the market.

Higher Bitcoin premiums reflect the higher risk of trading and the smaller chance of successfully withdrawing. The premiums on Bitfinex widened amid The Block reporting that Bitfinex suspended all fiat deposits. At 6:30am EST time, Tether was still trading at the following premiums:

Bitcoin premiums from October 11


Bitcoin premiums from October 12

Update: The data was updated to reflect the latest available information as of 6:30am EST.