[2016-7-7]Venezuelan exchange SurBitcoin is trading bitcoin at 22% below market

[BitcoinXio]

On the Venezuelan bitcoin exchange SurBitcoin, which is based in Valencia, Carabobo, it is trading bitcoin well below market value; at approximately 22% less than other bitcoin markets around the world. The huge difference in price is causing many to speculate why this is happening.

Read more: http://bitcoinx.io/news/articles/venezuelan-exchange-surbitcoin-is-trading-bitcoin-at-22-below-market-value/

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[vokain]

qué lío

[a7mos]

it is a big loss to sell with these values. this exchange is making a huge arbitrage by using the people's need of fast exchange. what a shame !

[Bit_Happy]

On the Venezuelan bitcoin exchange SurBitcoin, which is based in Valencia, Carabobo, it is trading bitcoin well below market value; at approximately 22% less than other bitcoin markets around the world. The huge difference in price is causing many to speculate why this is happening.

Read more: http://bitcoinx.io/news/articles/venezuelan-exchange-surbitcoin-is-trading-bitcoin-at-22-below-market-value/

The end of the article mentions people cannot even get their money out and the problems have been on-going for months.
Why is anyone still trying to sell there?

[BitcoinXio]

On the Venezuelan bitcoin exchange SurBitcoin, which is based in Valencia, Carabobo, it is trading bitcoin well below market value; at approximately 22% less than other bitcoin markets around the world. The huge difference in price is causing many to speculate why this is happening.

Read more: http://bitcoinx.io/news/articles/venezuelan-exchange-surbitcoin-is-trading-bitcoin-at-22-below-market-value/

The end of the article mentions people cannot even get their money out and the problems have been on-going for months.
Why is anyone still trying to sell there?

They seem to be stuck. They can't withdraw for months now, so they have to sell in order to get their money out (at a loss!).