When it comes to cryptocurrency trading over the weekend, interesting opportunities seem to arise when people least expect it. Throughout today, traders and speculators can explore a few different arbitrage options to recoup some of their portfolio losses sustained earlier this week. Whether or not there is good money to be made, will primarily depend on users’ timing first and foremost.
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Bitcoin (KuCoin / Bitexen . HitBTC)
No one will be surprised to learn selling Bitcoin HitBTC will be a very lucrative venture to explore. The prices on KuCoin, Bitexen, Bittrex, Binance, Sistemkoin, Kraken Koineks, and CEX are all lower compared to this exchange. Flipping BTC between exchanges will yield an average profit of 2% or slightly more. A very welcome opportunity, even under the current market conditions.
Stellar Lumens (Binance / Vebitcoin / HitBTC)
As has been the case throughout most of the week, there are a few interesting opportunities to flip XLM between exchanges for profits. The XLM price on KuCoin, Bitexen, BtcTurk, Vebitcoin, Binance and Kraken is all lower than HitBTC. Exploring this gap can yield profits up to 2.7%, with the average gain sitting closer to 2.1%.
Dogecoin (Koineks / HitBTC)
There has been an ongoing price discrepancy for Dogecoin between Koineks and HitBTC for quite some time now, It seems a direct arbitrage opportunity pops up every other day, which makes it a lucrative option to explore. Moving funds between these two trading platforms can net users a profit of 1.7%. A pretty solid figure, especially during the weekend.
Tron (Koneks / Binance / HitBTC)
Not a day seems to go by this week without a Tron arbitrage opportunity presenting itself. No one will complain about this opportunity in the slightest, as there is plenty of liquidity to go around. Throughout today, users can buy TRX on Koineks, Binance, or KuCoin and flip it in HitBTC for a profit of up to 2.3% Prices on Koineks and KuCoin are slightly higher compared to Binance, though.
ZCash (CEX / Bittrex / Bitfinex)
It has been a while since Bitfinex was involved in any sort of lucrative direct arbitrage opportunity. Buying EC on Bittrex and flipping it on Bitfinex yields a 1.4% gain. Buying the same asset on Bittrex, Sistmekoin, or CEX and selling it on HitBTC is, on average, equally profitable. Multiple options with similar profits is always a big bonus for traders.
EOS (Paribu / Binance / HitBTC)
Users of the Paribu exchange have a few options when it comes to selling EOS for quick profits. Moving funds to Bitfinex or HitBTC will yield a gain of 1,9%, depending on which platform has more liquidity. There is also an option to buy EOS on either Binance and KuCoin to sell it on HitBTC for a profit of up to 2.2%. All of these options are more than respectable in their right.
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.
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