Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
The price of Bitcoin is still stuck below $20,000 and other major coins are also continuing to experience a loss in value.
Many believe that prices will rally given time, but for now, crypto owners looking for a way to profit from their Bitcoin, DogeCoin and Shiba Inu are turning to crypto arbitrage.
This is a zero-risk investment strategy that generates consistent passive profits, whichever direction the market is moving.
To see how crypto arbitrage platforms work, let’s take one of the leaders in the field as an example.
The ArbiSmart financial services hub, established in 2019, offers a fully automated crypto arbitrage service.
ArbiSmart’s EU-authorized arbitrage system is integrated with nearly 40 exchanges, where 24 hours a day, it exploits temporary price inefficiencies.
These are brief instances where an asset is available on more than one exchange at different prices simultaneously.
The algorithm generates profits by scanning for inefficiencies across all the exchanges it is connected to, tracking hundreds of assets at once.
Able to execute a vast number of transactions at once, at lightning speed, the system profits from buying the asset at the lowest available price before selling it on the exchange offering the highest price.
Crypto arbitrage has become increasingly popular through the prolonged bear market because it offers the perfect hedge against a drop in prices.
Price disparities arise regularly, for all kinds of reasons, such as a difference in trading volume between a bigger exchange and a smaller one.
Since crypto arbitrage opportunities emerge with the same frequency in a bull or bear trend,
Read more on cryptonews.com