Bitcoin Price Arbitrage Explored
Bitcoin price is in a slow controlled descent with frequent spikes to the upside developing. Market orders are streaming through the exchanges like a ticker tape and buy limit orders fill the orderbooks down to $290. We look at arbitrage trading in the Bitcoin exchanges and consider options for trend in the coming days. Bitcoin Price Arbitrage. Bitcoin Price Analysis. Summary. Comments. Bitcoin Price Arbitrage. Many thanks to all the readers, supporters and cynics alike, who had responded to Sunday's article about manipulation in the exchanges. It's only by kicking the hornet's nest that....
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Arbitrage serves an important function in the Bitcoin economy. Thanks to the individuals and automated bots that actively look for price differences between the various Bitcoin exchanges and buy from one and sell to another if the price disparity ever becomes high enough for the transaction to be worth it, people who are buying or selling BTC for their own use can rest assured that they are paying roughly the same price no matter which exchange they go to. Arbitrage also promotes competition among exchanges; if the only people trading on exchanges were those who were actually seeking to....
As of May 12, bitcoin price in the South Korean exchange market is $2,076, approximately 12.7 percent higher than that of the global average price. To be exact, bitcoin is being traded on South Korean exchanges and trading platforms at a price that is $269 higher than the global average price of $1,807. Ever since the debut of venture capital backed and regulated bitcoin exchanges including Korbit and Bithumb, the South Korean bitcoin exchange has presented excellent arbitrage opportunities for traders. South Korean bitcoin exchange have always demonstrated a high premium on their listed....
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close its arbitrage business. Ovex was one of the first exchanges to announce its exit from the market.
Banking Partner Requirements Push Exchange out of Arbitrage Market
The South African cryptocurrency exchange, Valr, will be exiting the crypto arbitrage market on February 28 in order to comply with its banking partner’s....
Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers. The Salvadoran government has moved to prevent users of its Chivo digital wallet from gaming the app’s price freeze feature to glean risk-free profits through arbitrage.On Oct. 19, Chivo’s Twitter account announced that wallet users will not be able to see the reference price provided for trades executed using the price freeze feature — which allows traders to retain the Bitcoin (BTC) price quoted by the app for up to one minute.Chivo....
A new working paper from Canada's central bank has found little evidence that arbitrage opportunities in cryptocurrency markets exist. The paper, Competition in the Cryptocurrency Market, analyses 10 months of publicly available data from exchanges like BTC-e and Cryptsy, from May 2013 to February 2014. Examining how 'network effects' (the phenomenon of new users augmenting the value of a technology) affect competition in the cryptocurrency economy, the paper looks at competition between both cryptocurrencies and cryptocurrency exchanges. The authors write: "For exchanges, we find little....