Discover and read the best of Twitter Threads about #cryptoarbitrage
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1/11 Cryptocurrency #arbitrage refers to the practice of taking advantage of price differences for the same asset across different #cryptocurrency #exchanges.
Let's dive into this concept 👇🧵
Let's dive into this concept 👇🧵
2/11 Arbitrageurs buy the asset at a ⤵️lower price on one exchange and simultaneously sell it at a ⤴️higher price on another exchange, profiting from the price disparity.
3/11 This strategy 📊is possible due to the #decentralized nature of #cryptocurrency exchanges, where prices can vary based on factors like liquidity, demand, and trading volume.
