The BTC spread on Gemini is a grand from Binance, easy 1000 bucks more BTC for selling some and buying back. I dont think I have ever seen the spread that large.
Discussion
Did they shutdown withdrawals too? I have to think there's no way to capitalize on that or the arbitrage bots would've leveled it.
You should have saw Strike back in Nov when bitcoin was $15,800. Strike’s spread was $1,500+.
That’s if you can get fiat off of Gemini in a pinch. I wouldn’t trust any CEX ever but for sure not right now in this economic climate.