The price of Bitcoin (BTC) on Binance Australia was around A$34,000, which is a 20% discount compared to other Australian exchanges like BTC Markets where the price was around A$43,000. This price difference is due to reduced liquidity on Binance Australia as some users have been withdrawing their AUD holdings in advance of the closure of fiat off-ramp services on June 1.

Binance will be delisting remaining AUD pairs in line with the closure of fiat off-ramp services. The company has been battling regulatory suits and probes around the world, and has had limited success obtaining bank accounts for its small units as most major banks turned the exchange down due to compliance concerns over crypto companies' source of funds.