Crypto Arbitrage Today: EOS, ETH, BTC, XLM, XRP, TRX
As another day dawns upon the cryptocurrency and digital asset industry, there is plenty of red to observe. All major currencies are down in price once again, yet that also creates a few new interesting arbitrage opportunities to explore. The following six coins may help some people turn their portfolio around during this bearish weekend.
EOS (Binance / KuCoin / HitBTC)
As has been the case all week long, selling any altcoin on HitBTC will usually result in decent profits. For those who want to move some EOS back and forth, buying the altcoin on Binance or KuCoin will yield a lower price compared to HitBTC. As such, flipping the coin on this latter platform yields an average profit of 2.4%. A more than respectable gain, especially during this negative market trend.
Ethereum (Kraken / Bittrex / Bitfinex)
A few different arbitrage options exist for Ethereum at this point. Buying ETH on KuCoin will let users sell it on HitBTC for a 2.5% profit. Buying on Kraken lets users sell on HitBTC, OKEx, Gate, or Livecoin for a profit of 0.7% up to 3.6%. Bittrex also maintains a lower price than both Bitfinex and HitBTC, allowing for up to 2.2% profit. Plenty of places to source liquidity from at this time, which should make for some interesting market opportunities moving forward.
Bitcoin (KuCoin / Kraken / HitBTC)
All of the arbitrage opportunities for Ethereum also seem to apply to Bitcoin during this volatile market trend. All of the same exchanges are involved for most opportunities. There is also an option to buy on either Kraken, KuCoin, Bitevem, Sistemkoin, Binance, CEX, or BtcTurk and sell on HitBTC for profits of up to 2.5%. A very healthy market difference to take advantage of at this time.
XRP (Paribu / CEX / HitBTC)
Selling XRP on HitBTC will prove to be rather lucrative today, as its price is higher than virtually all other exchanges on the market. Good sources to buy from at a lower price include Bittrex, Kraken, KuCoin, Bitexen, BtcTurk, Paribu, and CEX. Depending on where one sources liquidity from, the arbitrage gap can be as big as 2.5%. Another appealing opportunity to take note of right now.
Stellar Lumens (Binance / Kraken / HitBTC)
No day goes by without some trading gap for Stellar Lumens prices between different exchanges. That makes it a prone target for arbitrage traders who want to pocket some quick profits first and foremost. Buying XLM on either Binance, Kraken, or KuCoin is always a good option today, as they all maintain much lower prices compared to HitBTC. Profits will range from 1.4% to 2.6% per trade, which is a more than respectable figure, all things considered.
Tron (Binance / KuCoin / HitBTC)
There is a solid case to be made for using Binance when exploring arbitrage opportunities. This exchange is involved in nearly every single market opportunity right now and TRX is no exception. Its price for TRX, alongside that on KuCoin, is at least 2% lower compared to HitBTC’s trading value. Another easy and appealing price gap to explore over the weekend.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
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by JP Buntinx via NullTX