Cryptohopper Exchange Arbitrage. What is it? Learn everything you need to know in this video.
To explain arbitrage and what an arbitrage bot is able to do, it is necessary to explain market inefficiencies first. Market inefficiencies are price differences for a specific asset between different marketplaces.
Taking it to the crypto sphere, this can be translated into buying a cryptocurrency in exchange X, and selling it for a higher price at exchange Y. by doing this, a trader can profit from price differences among exchanges. Inefficiencies, that in the cryptocurrency world, have proven to be significant at times.
However, this is not the only way a trader can carry out arbitrage trading. There is another way to implement this trading strategy, it is called triangular or intra-exchange arbitrage. This practice consists of buying three different coins to profit from market inefficiencies on the same exchange. We will explain this phenomenon more in-depth in this video.
Follow us:
Twitter: https://twitter.com/cryptohopper?lang=en
Facebook: https://www.facebook.com/cryptohopper/
Telegram: https://t.me/CryptohopperGroup
Discord: https://discordapp.com/invite/qdv6RJx
medium.com/@cryptohopper
Tags: Bitcoin, Cryptocurrency, trading, bot, Cryptohopper, crypto, hopper