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RE: 12/8/17. Post Market Wrap Up PLUS: #FAKEMARKETS. By Gregory Mannarino
Thanks Greg for another week of great financial news.
All the crypto exchanges have different prices for all the cryptos with huge differences between them.
Some people trade exchanges by buying on one exchange and selling on another.
Examples--> https://coinmarketcap.com/currencies/bitcoin/#markets
https://coinmarketcap.com/currencies/ethereum/#markets
https://coinmarketcap.com/currencies/litecoin/#markets
Over $2000 difference between some exchanges for 1 Bitcoin so a lot of money to be made by buying, transferring and reselling and same goes for all coins and tokens.
******Resteemed as requested*******.
Incredible. Why such large spreads?
Seems to depend on which country the exchange is located. Insanity but that's crypto. Much better when the decentralised exchanges come and kick the ass of the likes of Coinbase and Kraken who take a cut of everything. Etherdelta https://etherdelta.com is the 1st decentralised exchange trading only Ether based tokens.