Crypto Arbitrage Explained for Dummies! (Should you try arbitrage?)
Cryptocurrency arbitrage is a unique trading strategy in the crypto world. There are many types of arbitrage, but on a high level, it involves taking advantage of price differences for the same asset across different markets. For example, Bitcoin may be worth $6000 on a US exchange but is $6200 on an overseas exchange. You could buy a BTC from the US exchange and sell it on the overseas exchange and earn a $200 profit (minus fees). These price differences are due to the market inefficiencies in the young and unregulated crypto world. When utilizing this strategy, it’s important to understand where the opportunities are, what the risks/tradeoffs are, and other general tips. Just watch this video to learn more about cryptocurrency arbitrage!
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