As the weekend almost dawns upon the cryptocurrency markets, the time to make good money lies ahead. All markets show some interesting price shifts as of late, which almost always leads to arbitrage opportunities between exchanges. The following currencies let users score some decent profits for exploiting these price differences throughout the day.
Contents
ZCash (Bittrex / Bitfinex)
Even though the same price difference was visible yesterday, it seems the ZCash market son Bittrex and Bitifnex remain apart. The minor 1.37% price gap persists even today. For traders, this makes for an easy target and potential profit. Simply buy ZEC on Bittrex and sell it on Bitfinex. There isn’t much effort involved in these types of trades. That only makes the potential profits even sweeter.
Stellar Lumens (KuCoin / Binance / EXMO)
Another day in arbitrage trading and another day of EXMO-related price differences. When it comes to XLM, there are a few different options to explore. The Stellar Lumens price on KuCoin, HitBTC, Gate, Binance, and Kraken is lower compared to EXMO. An average profit of 1.8% awaits in this regard. Users can also flip XLM between Binance or Kraken and EXMO. That potential profit sits closer to the 2.2% mark.
Ethereum (OKEx / Poloniex / EXMO)
A hefty amount of price gaps persist where Ethereum is concerned. Its value on HitBTC, OKEx, Poloniex, Gate, Binance, Kraken, Kucoin, Vebitcoin, Bitstamp, and Bittrex is lower compared to EXMO. Users can expect an average gain of nearly 21.4% by exploiting this price difference. Another option is to explore the Bittrex – Bitfinex gap for a 1.41% profit. A lot of good options to make some quick money with this token.
Litecoin (Bitstamp / Bittrex / Bitfinex)
It doesn’t happen all that often a Litecoin arbitrage opportunity comes around. For today, buying on Bitstamp or Bittrex and selling on Bitfinex will yield a 1% profit. Users can also buy on Bitstamp to sell on Koinim, Koineks, VeBitcoin, or CEX. The average profit for doing so is slightly higher, especially where Bitstamp – VeBitcoin is concerned. Numerous options worth checking out in the search for quick profits.
USDT (Bittrex / Sistemkoin)
Throughout this entire week, there has always been at least one stable-coin related arbitrage opportunity. Today, that moniker belongs to Tether’s USDT. Its price on Bittrex is 0.88% lower compared to Sistemkoin. As such, the trade itself is rather straightforward. It is not the most lucrative option, yet still provides ample profit for the minute effort involved.
Tron (Binance / Sistemkoin)
It would appear the TRX price on Binance and Sistemkoin fluctuates quite a bit. At times, an interesting price gap between these platforms becomes apparent. The difference can be as large as 1.74%. That in itself makes for an interesting opportunity. It is also one of the more lucrative options to explore today.
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.
Image(s): Shutterstock.com
