Bitcoin Traders Should Explore Foreign Exchange Arbitrage Opportunities
When it comes to arbitraging Bitcoin exchanges, traders will usually stick to the same fiat currency. For example, one exchange trades 5-8 USD above or below the next, which creates a gap waiting to be exploited. Events like these are not all that uncommon, albeit less frequent than some people may like at this point.
But just a week ago, a reserve scenario had taken place. The volatility across foreign exchange markets is creating some interesting shifts very few people will take advantage of. Bitcoin, due to its global appeal, can be traded against nearly every fiat currency in the world. Given the volatile nature of some of these currencies, such as the Yen, Real, and Ruble, new price gaps emerge.
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Topic: [2016-07-28] themerkle.com-Bitcoin Traders Should Explore Foreign Exchange ... (Read 190 times)
July 28, 2016, 04:02:24 AM
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