News Crypto Arbitrage Today: OMG, USDT, LTC, Dash, ZEC, ETC

Crypto Arbitrage Today: OMG, USDT, LTC, Dash, ZEC, ETC

-

- Advertisment -

In the world of cryptocurrencies and digital assets, there are always ways to make money. It will mainly depend on how much effort one is willing to put in at this time. With the Christmas holidays around the corner, arbitrage opportunities may seem like a lot of work. With these interesting profits waiting to be pocketed, however, it is always a good idea to explore some options.

USDT (HitBTC / Btcturk / Koineks)

It is a rather interesting sight to see an arbitrage opportunity commence on HitBTC, rather than end it there. In the case of USDT, there are plenty of options when buying on HitBTC. Selling this stablecoin on either BtcTurk, Koineks, or Sistemkoin will yield an average profit of 1.65%. A more than decent opportunity for a currency allegedly pegged to the US Dollar.

ZCash (Gobaba / Bitfinex / BTCBit)

As has become apparent earlier this week, there was a genuine chance BTCBit would become the new go-to place for arbitrage opportunities. The weekend is delivering on this front, as the ZEC price on this exchange is higher compared to Gobaba. Bittrex, Bitfinex, Gate and CEX. An average profit of 7% is too good to pass up on under any circumstance.

Ethereum Classic (Gobaba / Poloniex / BTCBit)

A few similar opportunities exist where Ethereum Classic is concerned. Once again, it is all about selling on BTCBit for an average profit of roughly 9%. Ethereum Classic liquidity can be sourced from Poloniex, Gobaba, Gate, or Koineks. All of these exchanges have very similar prices when compared to BTCBit.

Dash (CEX / Bittrex / BTCBit)

As one would come to expect from a platform such as BTCBit, it seems to maintain higher prices for virtually all assets and altcoins traded on relatively big exchanges. Dash is no exception in this regard, as it can be sold for a profit of roughly 7.5%. Buying Dash can be done through Cex, Gobaba, Bittrex, Gate, Livecoin, Koineks, HitBTC, Poloniex, or Vebitcoin.

Litecoin (Bitfinex / Koineks / Cex)

When it comes to Litecoin, there are a few interesting price gaps waiting to be taken advantage of at this point. For those buying on Koneks, CEX, Livecoin, Bitstamp, or Koinim, there is an average 1.5% profit within reach when selling LTC on Bitfinex. Why that platform has the higher price right now, is rather unclear, but it makes for some exciting opportunities regardless.

OmiseGO (Gate / VeBitcoin)

It doesn’t necessarily happen all that often smaller-cap altcoins are subject to arbitrage opportunities these days. In the case of OmiseGO, there is a small price gap between Gate and VeBtcoin. Exploring this price gap can be on the lucrative side of the spectrum, although it is a bit unclear how much liquidity both platforms can generate for OMG right now.


Information provided by Arbing Tool

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.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Top 8 Potential Cryptocurrency Business Ideas for 2021

Which word comes into your mind when you hear or think of the word ‘cryptocurrency’? It might...

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...
- Advertisement -

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

Must read

- Advertisement -

Read Next
Recommended to you