How arbitrage is taking the crypto industry by storm
Cryptocurrency has become one of the most popular ways to invest money both locally and globally.
Cryptocurrency investment initially comprised of buying a cryptocurrency at a price you believed to be good value, before selling it when you thought you had maximised your profits.
Now, however, there are many ways to invest in cryptocurrency – with arbitrage being the latest trend to take the industry by storm.
The power of cryptocurrency arbitrage
Cryptocurrency leverages pricing discrepancies between the markets that exist in different countries.
Over the past few years, the average premium paid in South African Rand markets for Bitcoin has been 4.6% when compared to US Dollar markets.
Therefore, by purchasing Bitcoin in US markets and then selling it in local markets, you can make a good profit.
This profit is far more reliable than buying a cryptocurrency and holding onto it in the hope that it rises in value.
Start your cryptocurrency arbitrage journey
Leading South African cryptocurrency investment platform OVEX makes it easy to implement cryptocurrency arbitrage, thanks to its presence in both local and international markets.
This lets OVEX facilitate fast and efficient trades across these markets, which in turn ensures you don’t lose out on arbitrage profits due to delayed trades.
To this end, OVEX offers instant trading – which means that the price you see is the price you get, and will not be affected by a delay in the execution of trades.
OVEX has facilitated millions worth of cryptocurrency arbitrage for its customers to date, who appreciate the instant trading and low 1% fee structure that guarantees them no trading losses.
Loading ...