I also wondered why the bitcoin and cryptocurrency price is different and higher at each exchange. I did some research and found out that
There is no single international price.
Prices vary significantly between exchanges in different countries.
Exchange does this to manage buy and sell demand.
For example:
If the exchange doesn't have enough sellers, they keep increasing the sell price till they have sellers. And they keep the buy prices very high to discourage buyers. If they don’t do this, they will have no stock left to sell.
Please share your views on cryptocurrency price is higher or different at each exchange in comments.
I have wondered about this.
I have a a very superficial knowledge of trading, financial instruments, and crypto currencies. However, I am aware that over time large trading firms have been decreasing the activity of or shutting down completely their arbitrage desks. These opportunities were disappearing because of improved transmission of information between trading floors across the world.
Are there, for the time being, a new world of arbitrage opportunities between exchanges?
I imagine it would be a risky business since exchanges can and do close. To trade arbitrage across exchanges, you would automatically being increasing risk due to being exposed higher numbers of exchanges.
meep
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