✨Crypto Arbitrage Trading
Buy low, sell high... Crypto arbitrage sounds easy in theory, but that isn’t always the case.
▫️There are different types of #Arbitrage, but the most common is the practice of buying a crypto at a low price on one exchange, and selling it simultaneously on another exchange for a higher price.
Remark: depending on the resources available, you can enter and exit an arbitrage trade in seconds or minutes.
▫️#ETCUSDT's Sample Arbitrage
You buy $ETC on #Binance at $40.25 per token, then immediately transfer all your tokens to #Upbit to resell it for higher price, at $44.50 per token. Earnings are $4.25 per token, minus your trading and transfer fees.
▫️"Kimchi Premium 2018"
The most famous example was when the price of $BTC in South Korea rose by more than 50% compared to other global exchanges. Traders gain millions $$$.
At the same period, my crypto mate in HK told me to buy $ETH to resell its with more than 25% gains in 10 mn but I could not use my bank card.😰
Buy low, sell high... Crypto arbitrage sounds easy in theory, but that isn’t always the case.
▫️There are different types of #Arbitrage, but the most common is the practice of buying a crypto at a low price on one exchange, and selling it simultaneously on another exchange for a higher price.
Remark: depending on the resources available, you can enter and exit an arbitrage trade in seconds or minutes.
▫️#ETCUSDT's Sample Arbitrage
You buy $ETC on #Binance at $40.25 per token, then immediately transfer all your tokens to #Upbit to resell it for higher price, at $44.50 per token. Earnings are $4.25 per token, minus your trading and transfer fees.
▫️"Kimchi Premium 2018"
The most famous example was when the price of $BTC in South Korea rose by more than 50% compared to other global exchanges. Traders gain millions $$$.
At the same period, my crypto mate in HK told me to buy $ETH to resell its with more than 25% gains in 10 mn but I could not use my bank card.😰
🛑 In the past 24 hours , 60,948 traders were liquidated, the total liquidations comes in at $301.75 millions.
🛑 The largest single liquidation order happened on #Okex with #ETHUSDT #SWAP value $2.41 millions.
🛑 #Ethereum is the Crypto with the largest liquidations for $155.49 millions value.
🛑 In the last hour, the exchange winner is #Okek with $2.12M liquidations (97.48% Long), followed by #Binance for $1.47M (93.39% Long).
💚 The real winners are those who haven't bet on $ETH falling because they know #Ether will continue to rise until at least the #Merge scheduled for mid-September.
💔 RIP anyone in an $ETH short.
🛑 The largest single liquidation order happened on #Okex with #ETHUSDT #SWAP value $2.41 millions.
🛑 #Ethereum is the Crypto with the largest liquidations for $155.49 millions value.
🛑 In the last hour, the exchange winner is #Okek with $2.12M liquidations (97.48% Long), followed by #Binance for $1.47M (93.39% Long).
💚 The real winners are those who haven't bet on $ETH falling because they know #Ether will continue to rise until at least the #Merge scheduled for mid-September.
💔 RIP anyone in an $ETH short.